Alphabet (GOOGL) is a uniquely-positioned company in the AI space that has more room to run, says John Belton of Gabelli Funds. Google Cloud is the biggest piece to the growth puzzle, as he points to the Mag 7 giant's vertical integration of the technology as a key indication to long-lasting strength. As for the search business, John discusses how the legacy component to Alphabet has withstood AI disruptions through advertising. He turns to the outlook for Google DeepMind and Gemini as Anthropic and OpenAI bolster their software capabilities.