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Alphabet: Won't Be This Cheap For Long
Seeking Alpha • • business
Key Points:
- Market skepticism is rising over Google's declining free cash flow margins, but the author believes this reaction is an overreach.
- Google is aggressively investing in AI from a strong position, successfully integrating AI throughout its ecosystem with no plans to slow down.
- Google Cloud's AI backlog has reached $514 billion, with potential to convert over 50% of this backlog within the next 24 months.
- The author advises investors to disregard short-term market pessimism, as Google's valuation multiple has become highly attractive.
- The article is authored by a recognized analyst with a long position in Google and other tech stocks, emphasizing a growth-focused investment strategy.
