Google parent Alphabet is in the AI race to stay, and investors need to be patient as that competition plays out, say analysts on Wall Street.
Shares of Alphabet GOOGL GOOG wobbled on Wednesday, dropping 1.3% in premarket trading a day after the company’s first-fiscal-quarter revenue and earnings narrowly beat forecasts and the company authorized $70 billion in share buybacks. Shares initially gained after the results were released.
Those…
