Alphabet's stock is at all-time highs, driven by robust fundamentals and not by speculative AI hype, or multiple expansion. Strong returns on assets persist, despite aggressive Capex in AI and datacenter infrastructure, with profitability and operating cash flow at record levels. Core businesses like Google Search, YouTube, and Cloud continue double-digit growth, while Cloud's margin expansion and revenue share accelerate.
Alphabet remains a buy, as AI bubble fears are overblown; the company shows robust fundamentals and accelerating growth across all business segments. Google Search is regaining market share, while Google Cloud Platform is now Alphabet's fastest-growing segment, winning enterprise AI customers and market share. Valuation remains attractive at 21x forward earnings, with 14% upside potential as market expectations for earnings and revenue growth improve.
Finding bargain stocks in the artificial intelligence (AI) space isn't an easy task. The sector is quite popular, and the amount of money being spent to fund this arms race is jaw-dropping.
Billionaire Bill Ackman was busy in the second quarter, investing in two of the world's largest tech companies. His hedge fund, Pershing Square Capital, started a new position in Amazon (AMZN 3.12%) and boosted its stake in Alphabet (GOOGL 3.10%) (GOOG 2.98%).
Alphabet NASDAQ: GOOGL hasn't enjoyed the same spotlight as its Magnificent Seven peers for much of this year. While the broader market and other mega-cap tech names sprinted ahead in the first half, GOOGL spent that time lagging.
Alphabet (GOOGL) reported earnings 30 days ago. What's next for the stock?
According to Bloomberg, Meta will pay at least $10 billion over six years to use Google Cloud servers and storage to expand its AI capabilities.
Oxford BioDynamics PLC (AIM:OBD, OTC:OXBOF) executive chairman Iain Ross talked with Proactive about the company's new partnership with Google Cloud, a move he described as a major growth catalyst for both Oxford BioDynamics and the field of 3D genomics. Ross outlined how the deal will support the global scaling of the company's EpiSwitch platform by making it cloud native, allowing faster deployment, greater accessibility, and continuous updates.
Zacks.com users have recently been watching Alphabet (GOOG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.
Meta has signed a six-year deal to use Google's cloud-computing services as it builds out its AI infrastructure.
Meta Platforms (META) has reportedly agreed to spend more than $10 billion on cloud services from Google, as the search giant seeks to catch up with larger rivals in the space, namely Amazon Web Services and Microsoft Azure.