While Wall Street continues debating the long-term winners of the AI race, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) may already be separating itself from other hyperscalers when it comes to actually making money from artificial intelligence.
Google's AI Approach Stands Out
That's according to Mo Sparks, chief product officer at Direxion, who believes Google's ability to monetize AI across chips, cloud, models and search is giving the company unusual flexibility in the current market cycle.
In comments exclusive to Benzinga, Sparks said "Google is the one that has most effectively monetized AI thus far" among the hyperscalers.
"Monetizing Gemini was a win for Google," Sparks said, while noting rivals like Amazon.com, Inc. (NASDAQ:AMZN) and Meta Platforms, Inc. (NASDAQ:META) faced investor concerns around free cash flow and heavy capital expenditures.
