Subject: Re: AAPL PE when WEB was buying
Article today questioning GOOG's staying power.

"Melius’s Ben Reitzes asked Monday whether Google is the next Kodak.

“We have focused on ‘the simple’ with Alphabet since our launch in mid-2023 — and that view is predicated on the view that Google is losing the next generation of ‘searchers’ to ChatGPT,” he wrote in a note to clients.

...

“Metaphorically speaking, OpenAI’s home page is arguably this generation’s ‘digital camera,’” he wrote. “The loyal ad buyers for Google ads are arguably the loyal ‘photofinishers’ who may prove to be fickle if the ads see diminishing returns.”

...

In addition, Alphabet now has a branding problem. Google is a verb, but its Gemini artificial-intelligence offering isn’t. ChatGPT, however, has “verb” status with younger users, who Reitzes wrote will say things like that they “ChatGPT’d” their papers for school.

https://archive.is/RtgBj