Top Analyst Says OpenAI's AI-Powered Search Engine Likely Isn't A Threat To Google: 'It's Hard To See Why SearchGPT Is 10X Better…'
Portfolio Pulse from Ananya Gairola
Deepwater Asset Management's Gene Munster and Doug Clinton have downplayed concerns that OpenAI's SearchGPT could significantly threaten Alphabet Inc.'s Google Search. Despite a minor dip in Google's stock following the announcement of SearchGPT, the analysts believe that the new AI-powered search engine does not pose a substantial threat to Google's dominance.
July 27, 2024 | 4:00 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Analysts from Deepwater Asset Management believe that OpenAI's SearchGPT does not pose a significant threat to Google's search dominance. Despite a minor dip in Google's stock, the analysts see no substantial danger.
The analysts' comments suggest that the initial fears about SearchGPT disrupting Google's search business are overblown. This should reassure investors, leading to a neutral short-term impact on Google's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Deepwater Asset Management analysts downplay the threat of OpenAI's SearchGPT to Google's search business. Despite a minor dip in Google's stock, the analysts see no substantial danger.
The analysts' comments suggest that the initial fears about SearchGPT disrupting Google's search business are overblown. This should reassure investors, leading to a neutral short-term impact on Google's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100