I am slightly bullish on $Alphabet(GOOGL.US)

Last quarter, the cloud business performed better than expected, rising by 63%, with high profit margins, causing the stock price to surge nearly 10%. However, market expectations are now fully priced in, with everyone assuming a 63.3% growth and a 35% profit margin for this quarter. The benefit is that newly built data centers are gradually coming online, allowing previously backlog huge orders to finally be recognized in revenue. The massive investments of hundreds of billions made earlier will slowly start generating returns, so the cloud segment should remain stable.

The risks are also obvious: everyone worries that AI search will cannibalize traditional advertising revenue, coupled with continuous spending on expanding computing power. If the final data merely meets expectations, the stock price won't see major moves; but if it even slightly misses market forecasts, a sharp decline will follow immediately!

While being bullish, exercise caution in operations!!!