Alphabet's stock has declined this year amidst concerns about AI impacting its search business.
Wall Street analysts view the current dip in Alphabet's stock as a buying opportunity, considering it undervalued.
Analysts believe Alphabet's diversified business lines like YouTube, Google Cloud, and Waymo could offset any potential slowdown in search due to AI.
Alphabet's strategic advantages with its Gemini AI platform and commercial search queries provide a defense against AI challenges, making it a compelling investment.