Buz Investors Alphabet Game Changer (NASDAQ:GOOG) just announced a potential game changing move that could vault the stock price toward the $1,000 level within the next two years or sooner.
While Alphabet has some of the world’s top engineers and is progressing rapidly in its key artificial intelligence (AI) segment that could eventually control many of the devices in everyday life, something just happened that could really pay huge dividends for Google stock.
Most of you have probably been on Alphabet’s “YouTube” web site. If you are like me, you’ll think that the platform is amazing, broadcasting almost anything you want to watch.
The service will cost users $35.00 per month, which is in line with what AT&T Inc. (NYSE:T) charges for its “DirecTV Now” streaming TV service. Yet the initial rollout of YouTube TV will encompass only 40 TV channels, versus more than 100 channels for DirecTV Now.
And while the new service will likely not challenge Netflix, Inc. (NASDAQ:NFLX), given the current format and price point, YouTube will try to reach out to the millions of people who currently pay for overpriced cable TV service. This could be a massive move by Alphabet if it can swing cable subscribers to its cheaper service.
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