In December, the price of a Google parent Alphabet (Nasdaq: Goog) (Nasdaq: Googl) was slightly higher than now. Even after some recent hills, the alphabet supplies are still 17% cheaper than in December.

I was looking for low-cost technical stocks to buy, and the alphabet is not the only one that caught my attention.

One sec Microsoft is close to the highest all time, Nvidia is below the latest ups and Finish It is 14% cheaper than in December.

These are no longer potential occasions that we saw last month, but compared to the latest maxima, which are currently on sale, are now on sale – is it time to buy a little?

Challenges of valuation on the current market

Nvidia still looks to me in my current valuation, while I will not touch the finish line because of the ethical fears of social media damage.

However, the alphabet definitely caught my attention.

Currently, it trades in price to profit (p/e) of 19. Now he does not scream for me “screaming the opportunity”. But this is a kind of p/e indicator that would be willing to pay for shares in great business if I felt that his perspectives are powerful enough.

Here, however, we reach for a quote. One of the reasons why such wild riding in recent years was the uncertain impact of artificial intelligence (AI). The alphabet is a great example.

Company’s technology Savvines means that artificial intelligence can offer him less direct benefits than a company that wants to digitize the tasks previously performed by employees. Despite this, AI can potentially offer the company many fresh revenue streams. In the end, it has a huge customer base, their deep understanding and is already an integral part of many lives.

But on the other hand, the search remains the core of Alphabet activities. If artificial intelligence (from Google or a competitor) can largely replace the need to be inquiries in the search engine, the key stream of Alphabet revenues may collapse. In my opinion, this is a high risk, which helps to explain why the alphabet trades what I think is a fairly attractive quote.

I will look for

Is it attractive enough? Looking for shares to buy, I don’t have a crystal ball. So I have to make choices about how I expect the company to behave, based on what we know today.

In the first quarter, Alphabet revenues increased by 12% year on year. His ‘Search and others“The department recorded a powerful raise in revenues. The head was almost 5000 below the same point a year earlier. Meanwhile, the benefit of artificial intelligence informed higher revenues from Google cloud. They jumped 28% year on year.

The company immodestly claimed that its latest AI model is “The extraordinary foundation of our future innovations“This is contrary to my own experience in Google search engine, which concerns me a bit.

Alphabet seems to be doing well and AI can aid drive it forward. But I am still nervous at the risk of his basic search business. This is one of the actions that I would like to buy at the right price, but I am waiting for an even more attractive quote, given the risk.