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Alphabet (NASDAQ:GOOGL) (GOOG) is facing some challenges but still has potential for growth in areas such as Cloud and Google Shopping. Their valuation may seem high, but it is reasonable considering the long-term opportunities. The company’s search ads business is still strong, but they are also adapting to the changing landscape of search with the rise of generative AI chatbots. Google’s Gemini has an advantage over competitors like ChatGPT due to its access to data from its vast ecosystem of apps.