Why Google’s AI rollout cost shareholders more than $100 billion

Posted February 12th, 2023 by Brahm Canzer & filed under Company Analysis, Financial analysis, Growth & Valuation, Industry Analysis, Management Issues, Personal Finance.

Description: Google (GOOG, GOOGL) on Wednesday unveiled a round of new AI-focused features for its Search, Maps, and Lens apps — and investors and experts weren’t terribly impressed.

Source: Yahoo.Finance.com – video report

Date: Feb 09, 2023

Link: https://ca.finance.yahoo.com/news/why-googles-ai-rollout-cost-shareholders-more-than-100-billion-174703170.html

Questions for discussion:

What does the report say about Google’s handling of the rollout and the consequences?
Given the drop in stock value, do you believe this is an overreaction by investors?
Is this an opportunity to buy?