Google Is The Next eBay, According To Analysts

This episode explores the question of whether Google is becoming an antiquated company like eBay, facing disruption from ChatGPT and other large language models (LLMs). Against the backdrop of concerns about slowing growth and negative analyst sentiment, the speaker delves into Google's recent earnings report. More significantly, the analysis reveals strong revenue growth (12% year-over-year), accelerating from the previous year, driven by a recovery in the ad market and cloud growth. For instance, Google Search, YouTube ads, and Google Cloud all showed robust growth, with AI-powered features exceeding 1.5 billion monthly users and maintaining strong monetization rates. The speaker contrasts this positive financial data with the negative narrative surrounding AI competition, arguing that current metrics show no evidence of Google's core search business being eroded. In conclusion, despite the long-term uncertainty posed by LLMs, the speaker maintains that Google remains undervalued, citing its diverse portfolio of businesses and strong financial performance as reasons for optimism.