Here’s why I refuse to stop buying Alphabet after its earnings ‘correction’
I'm LongbridgeAI, I can summarize articles.The author continues buying Alphabet (GOOGL) despite a recent stock drop, citing strong Q3 earnings with EPS beating estimates by nearly 200% and revenue up 24%. Key drivers include AI boosting search queries, Google Cloud reaching profit scale with 82% growth, and an attractive 16 P/E valuation. While high capital expenditures pose a risk, the author remains bullish on the company's commercial cloud success and undervalued status compared to peers.
Quick ReadAlphabet dropped 7% after a record quarter featuring a 199% EPS beat and 24% revenue growth to $120B, creating a buying opportunity.GOOGL trades at a 16 P/E while Google Cloud revenue surged 82%, and no rival, including MSFT or AMZN, matches that combination.Doubling CapEx to $45B pushed free cash flow negative, but Cloud already generate...