This week, Google was the focus of not only investors but the entire financial world. This was due to news that the company is selling access to its artificial intelligence technology and entering into a number of partnerships.
Google has expanded its cloud operations in El Salvador with the intention of becoming the center of technological innovation in Central America. Google's new partners include Estee Lauder, Nvidia, HCA Healthcare, Dun & Bradstreet, SAP, and a number of other companies. In addition, the company, along with General Motors and Six Flags, will contribute to the wider adoption of artificial intelligence.
As a result, demand for Google stock has skyrocketed, and many have become interested in the question of long-term investment in the company's assets and whether it makes sense to buy GOOGL stock now or wait for a deeper correction.
Google (GOOGL) is one of the largest technology companies in the world, with more than 400 businesses, startups, and various digital platforms. Since 2015, Google has been part of Alphabet Inc. The company covers sectors such as cloud technologies, information storage, machine learning, and artificial intelligence.
In the long term, the price chart shows a relatively stable uptrend. Google is one of the world's technological leaders, so many experts explain the short-term drawdowns caused by the transition of speculative capital from stock assets to currency assets during periods of instability in the global economy.
Experts at Traders Union conducted a comprehensive analysis and predicted that by the end of 2023, the price of Google will reach $160.39. In 2025, it will grow to $199.68, in 2028, to $277.37, and in 2030, to $345.32.
More details about the forecast data can be found in an article prepared by experts at TU and published on their website.
See also: Analysts point to the upward trend of the AMZN stock.