I sold OVQ 0.00%↑ pretty much as soon as I got it. Not because I don’t like it, but because investors have received a huge boon in tech stocks dropping. GOOG 0.00%↑dropped below $300 and is sitting around at $280 per share.
I did not anticipate such a drop and I want to take advantage of amazing individual companies that are trading like they are broken. That return will always be greater than an ETF just based on logic. I took the money from OVQ 0.00%↑ and put
it into GOOG 0.00%↑. I will be adding shares to GOOG 0.00%↑ while it gets hit with fear and GPIQ 0.00%↑ as price allows.
The fear over GOOG 0.00%↑ search is laughable to me. These same fears persisted the first time GOOG 0.00%↑ was trading at $150 and then GOOG 0.00%↑ with it’s plethora of talent figured out AI mode, Gemini, a slew of AI integrated products and went to over $300 a share. I doubled my money in a very short amount of time.
Now analysts are again worried when they see a smaller percentage of growth in the Google Search and Other segment. Really? Not to mention that cloud growth DOUBLED to over $30 billion.
What’s most likely going to happen is that GOOG 0.00%↑ continues to build cloud revenues close to or exceeding what Google Search makes in the coming years. Traditional Google search will probably decline while they ramp up their AI search.
So a profitable business segment will be switching to an AI version AND the other segments like cloud will post record growth, possibly making more money than search ever did. The depreciation and debt are a real thing and need to be monitored. It’s possible that GOOG 0.00%↑ drops even more in the coming months and I will be picking up shares lower and lower.
As always, my content is not financial advice so please do your own due diligence when investing your own money into the markets.