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Shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), known for its Google subsidiary, are up an impressive 34% in the past year and currently trading just a few points from their all-time high.
Here's why Alphabet bulls should probably stay the course with its stock. The state of Alphabet's AI The market's reaction to Alphabet stock is a bit of an enigma.
Alphabet's stock has a forward price-to-earnings (P/E) multiple of just 21, compared to the S&P 500's 24. This makes Alphabet's stock relatively cheap at a time when the company is making ...
From a valuation standpoint, Alphabet is one of the cheaper mega-cap tech stocks involved in AI, trading at a forward price-to-earnings multiple of about 21.5 based on 2025 estimates. GOOGL PE ...
Google-parent Alphabet dropped 7.3% after posting downbeat cloud revenue growth on Tuesday and earmarking a higher-than-expected $75 billion investment for its AI buildout this year.
Data source: Alphabet Inc. Chart by author. Companywide, earnings barely beat expectations of $2.13 per share, while revenue was a few million bucks shy of the $96.56 billion analysts were modeling.