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Why I Can’t Stop Buying This 16 P/E Tech Giant: My Biggest August Bet
['Vandita Jadeja', 'July', 'Min Read']
Yahoo Finance
Quick ReadGOOGL dropped 7% despite a 199% EPS surprise and 24% revenue growth, creating a buying opportunity at just 16x earnings.
Alphabet's Cloud growth hit 82% with a $514 billion backlog, making it more compelling than Microsoft or Amazon at a market-average multiple.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut.
The Three Reasons I Keep AddingFirst, Google Cloud is accelerating.
At a P/E of 16, I am paying a market multiple for the company running the most aggressive AI infrastructure program in the index.