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4 Internet Stocks You Shouldn't Ignore In The AI Era
Internet and media stocks remain well positioned for long-term growth, with BNP Paribas analyst Nick Jones on Friday highlighting strong fundamentals across key players despite evolving risks from AI and autonomous vehicles.
Alphabet
Jones sees Alphabet Inc. (NASDAQ:GOOGL) maintaining its dominance in digital advertising while gaining momentum in cloud as AI adoption accelerates.
He believes ongoing AI investments may weigh on margins in the near term but will strengthen its competitive position across Search, YouTube, and Cloud.
He views Alphabet as a long-term AI winner with strong monetization potential and expects valuation upside, using a 30x multiple on 2027 earnings to support a $390 price forecast.
GOOGL Price Action: Alphabet shares were up 0.80% at $338.71 at the time of publication on Friday, according to Benzinga Pro data.
Amazon
Jones believes Amazon.com Inc. (NASDAQ:AMZN) will continue gaining share across ...
Source: Benzinga