sonu kalra This is a topic that many people are looking for. thetruthaboutdow.org is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, thetruthaboutdow.org would like to introduce to you Fidelity portfolio manager: Google will hit new highs as they push into AI. Following along are instructions in the video below:
“So no so google reported this week. Looked like a spectacular quarter. If the stock stock trades off why did trade off and what is the outlook from here google. Think is at the intersection of a lot of important trends taking place in the digital economy right now they obviously are the leading search engine.
But believe it or not they actually own the number to search and in the world. As well. Which is youtube and so and then they re also leader in artificial intelligence they have them android mobile operating system so google is really in my view at the heart of a lot of positive trends..
Taking place in terms of you know what i try to do is really focus on the long term. And you know really look at what the opportunity is and when you look at the opportunity in their core business advertising business. The global advertising business is about a five hundred billion dollar market and they re really scratching the surface in terms of how much time if you look at how people are spending time today. It s way different than how we spent time growing up in terms of consuming media.
Most time over half the time people are spending. Consuming media is now on digital devices. And there s still a wide gap in terms of how ad dollars spent..
I started out as a media analyst here at fidelity and one of the first things. I learned was ad dollars follow eyeballs and that s really what we re seeing here and we re really at the early stages of that short term in terms of what happened this past quarter. I think it s a simple game of expectations where i think even though google beat you know consensus expectations. I think internally.
I think investors were hoping for more the stocks had a nice run this year. So i just look at it as an opportunity where you have opportunities to buy stocks when when you know they come down. But i think long term the outlook still looks very strongly and you say they re scratching..
The surface. They were a huge company now with 100 billion of advertising revenue really and the 500 billion dollar market you re talking about how big can one company get in terms of global advertising. When do you start to become concerned okay we re hitting the year era where we re going to have law of diminishing returned yeah no that s a great question so one of the things google s been great at is really going into adjacent seeds. So you know the core advertising as i mentioned is a five hundred billion dollar market.
But they re also the leader in what i call machine learning or ai automated cars. There s estimates out there that self driving could be worth another 50 to 100 billion dollars in market cap for for google itself. And so they ve done a great job of going into these adjacencies and so when i looked at overall..
There s still a huge gap in terms of time spent and ad dollars and the other thing is that 500 billion dollar number doesn t include all the direct marketing dollars that are spent out there so they re actually taking the shares or juice exactly. And so they re actually taking share of other pieces of the pie that aren t in that five hundred billion dollar market. So i feel comfortable that there s still a long runway for growth there ” ..
Thank you for watching all the articles on the topic Fidelity portfolio manager: Google will hit new highs as they push into AI. All shares of thetruthaboutdow.org are very good. We hope you are satisfied with the article. For any questions, please leave a comment below. Hopefully you guys support our website even more.