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Alphabet (GOOGL) Selloff Looks Like a Buying Opportunity Despite Blowout Earnings

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Alphabet fell 7% despite a 199% EPS beat, 24% revenue growth, and Cloud growth of 82%.
  • Author views the selloff as mispricing versus MSFT/AMZN rallies on similar AI capex, citing GOOGL's low PEG and $514B backlog as a buying opportunity.
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GOOGL price history

338.50 +6.53% over the displayed period

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