Gary Black, managing partner at Future Fund LLC, has highlighted what he sees as an attractive valuation for Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), despite the company facing increased scrutiny from the U.S. Department of Justice. What Happened: In a recent post on X (formerly Twitter), Black noted Google’s modest price-to-earnings (P/E) ratio for 2024, emphasizing its growth potential. However, he also pointed out a looming threat from emerging AI-powered competitors. The Justice Department recently filed a 32-page court document outlining potential remedies to address Google’s dominance…
