Don't count out Google in the AI race, and the stock sell-off after its Bard chatbot snafu was an overreaction, Gene Munster says

• The Alphabet stock sell-off is overblown as the company is a serious AI player, Deepwater Asset Management's Gene Munster said.
• Shares fell Wednesday after a Google's new Bard AI chatbot provided wrong info in a demonstration.
• "Google is not to be counted out when it comes to this AI race," Munster told CNBC.

Alphabet's stock drop on Wednesday was overblown, and the company's artificial intelligence technology shouldn't be so easily dismissed, Deepwater Asset Management's Gene Munster said.