"Alphabet's growth figures were so good that investors probably cheered the higher CapEx. The quarter made the rest of the Mag Seven look bad in comparison."
"Alphabet is showing the hyperscalers how it's done, setting a high bar that all other big AI spenders will be judged by."
"The essential ingredients needed to thrive in the AI revolution are present in Alphabet, which has economic moats that have been there all along."
"At 29.2 times trailing price-to-earnings (P/E), Alphabet shares are still considered cheap, especially after a quarter that surpassed expectations."
Alphabet's recent earnings report outperformed expectations, showcasing significant growth that impressed investors. This performance positioned Alphabet as a leader among the Mag Seven tech companies, with only Apple showing similarly strong results. The company's success is attributed to its strong economic moats, which are essential for thriving in the AI revolution. Despite other companies experiencing post-earnings sell-offs, Alphabet's fundamentals continue to improve, suggesting that its shares remain undervalued at a P/E ratio of 29.2.
Read at 24/7 Wall St.
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