$Alphabet(GOOGL.US) | Monness Crespi Hardt on Alphabet: 'Alphabet is well positioned to ride the digital ad trend'.
"This Wednesday (7/22), Alphabet is scheduled to report its 2Q:26 results with a call at 4:30 p.m. ET. Alphabet will be the first leading cloud service provider to report its June quarter results, providing a glimpse into trends ahead of next week’s reports from Big Cloud competitors such as Amazon (AMZN/Buy) and Microsoft (MSFT/Not Rated). Shortly after earnings, Alphabet will host Made by Google on August 12 with new Pixel innovations expected to be unveiled, including the Pixel 11 smartphone family. In our view, Alphabet is well positioned to ride the digital ad trend, build an enduring cloud business, and innovate with AI; however, competition in the AI era is dynamic, valuation is stretched, outsized capex spending is unsustainable, and the macro treacherous."The copyright of this article belongs to the original author/organization.
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