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Barchart
Anushka Dutta

A $106 Billion Reason to Buy Google Stock Now

Google Alphabet Thomas Kurian Google Cloud

Big Tech industry darling Alphabet (GOOGL) is betting big on artificial intelligence (AI), which is expected to be hugely accretive to the company’s operations. At a conference, Google Cloud CEO Thomas Kurian stated that the company is capturing customers more quickly due to product differentiation, which is based on years of investment in AI. 

The rapid monetization of AI is proving profitable for Alphabet, as Kurian stated that the firm is growing its revenue and improving operational efficiency. At this point, Alphabet’s remaining performance obligations (RPO) amount to a staggering $106 billion, which implies growth higher than its revenue. More than half of this figure is expected to convert into revenue over the next two years. 

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