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DN's avatar

Thanks for sharing! Why the preference MSFT > GOOG?

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GabGrowth's avatar

I like both, but with GOOGL, there is a huge overhang on the stock and business at the moment. Nobody knows what ChatGPT will do to the Search business in the long run.

Search remains a huge part of GOOGL's business, ~60% revenue and >80% of profits. Microsoft's revenue streams are more diversified, with a lower risk of being disrupted. Azure also remains a strong 2nd in Cloud, while GCP is in 3rd.

Overall, I think MSFT is a better quality business, and one that is ultimately more resistant to disruption. That said, on a risk/reward basis from a valuation standpoint, it is tough to separate the two.

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