AI is undoubtedly playing an increasingly crucial role in every industrial vertical as the business landscape changes. Today’s best AI firms provide one-of-a-kind and advanced AI algorithms, as well as faster and more dependable solutions at competitive prices. AI stocks aren’t as common as you may imagine. Many businesses promote AI and machine learning initiatives. However, pure-play AI equities are uncommon in the public market. In this post, we’ll compare and contrast Apple and Alphabet, two of the most competitive AI stocks.
Two of the world’s most powerful technology corporations are always competing for supremacy. Although Apple (AAPL) has the longest history as a computer firm, Alphabet Inc. (GOOGL) has more tendrils and is more deeply planted in the global market, owing to its ownership of Google.
Alphabet is divided into three segments: Google Services, Google Cloud, and Other Bets. Ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube are all part of the Google Services section. It also sells apps, in-app purchases, and digital content through the Google Play store, as well as Fitbit wearables, Google Nest home appliances, Pixel phones, and other devices, as well as YouTube non-advertising services. Alphabet’s stock is currently trading at $2,597.88, up 1.71 percent from its previous close.
Apple Inc. creates, manufactures, and sells smartphones, laptops, tablets, wearables, and accessories all over the world. It also provides a variety of connected services. In addition, the firm offers the iPhone, a smartphone line; Mac, a personal computer line; iPad, a multi-purpose tablet line; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories, which include AirPods, Apple TV, Apple Watch, Beats goods, HomePod, and iPod touch. Apple’s stock is currently trading at US$170.40, up 1.63 percent from its previous closing.
Both Alphabet and Apple are impressive companies. In terms of valuation, the two companies are comparable, with Alphabet selling at nine times sales and Apple at seven times sales. Furthermore, both have high growth possibilities in the next years, and either might be considered a market-beating investment.