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Posted by
Two Blokes Jul 28 -
Filed in
Stock
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Alphabet remains mispriced, trading 11% below my fair value estimate, despite strong Q2 results and multiple growth drivers across its ecosystem. AI disruption fears are overblown; AI overviews and new features are driving more search queries, ad impressions, and engagement, not cannibalizing revenue. Google Cloud posted 31% YoY revenue growth, record margins, and a $106B backlog, justifying aggressive CapEx and establishing long-term vendor lock-in.
