Quick Read – Sundar Pichai confirmed AI drove Google Search queries to all-time highs, with GOOGL revenue up 19% and EPS beating estimates by 94%. – GOOGL has lagged SPY since its blowout Q1 report, yet 57 analysts rate it a Buy targeting $434, implying 23% upside from current…
vels. – Google Cloud surged 63% with a $460 billion backlog, giving Alphabet a second megacap growth engine alongside a forward P/E of just 25. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn’t make the cut. Grab the names FREE today
Alphabet (NASDAQ:GOOGL) looks compelling at $351.99, because the two-year Wall Street panic that conversational AI would cannibalize Google Search has been decisively invalidated by the numbers. For 24 months, the bear case rested on a single fear: that ChatGPT and its peers would siphon queries away from the world’s dominant ad engine. The most recent quarter shows the opposite happening in real time.
Alphabet is the parent of Google Search, YouTube, Google Cloud, Android, and Waymo. The stock has ripped 90.75% over the past year as investors reprocessed the AI threat as an AI tailwind. The question now is whether the current price already reflects that reappraisal, or whether more upside remains.