📈 Alphabet (NASDAQ:GOOG), Google’s parent, shows resilience despite new AI competitors. While names like ChatGPT and Perplexity dominate attention, Alphabet’s steady performance highlights its market stability. The stock’s daily chart indicates an upward trend, supported by strong technical indicators and key support levels. Analysts confirm Alphabet’s uptrend, suggesting potential for growth ahead.
💹 In Q3, Alphabet exceeded expectations with consolidated revenue of $88.3 billion, marking a 15% year-over-year increase. The Google Cloud segment, central to Alphabet’s AI focus, posted a 35% revenue increase, reaching $11.4 billion. Earnings per share (EPS) grew by 37% to $2.12, beating forecasts with an improved operating margin of 32%, showcasing Alphabet’s strategic strength.
🚀 After mid-year corrections, Alphabet’s stock returned to an upward channel, showing resilience. Indicators like MACD and RSI reflect positive momentum, supporting Alphabet’s intermediate and long-term growth. Trading near the upper Bollinger Band, the stock may continue its upward path as market volatility broadens its range.
💼 Alphabet’s P/E and P/S ratios align with recent growth, keeping the stock fairly valued. These stable metrics underscore Alphabet’s strong position and sustained investor confidence. As Alphabet integrates AI across platforms like Google Cloud, its future growth potential continues to attract solid interest.
🔮 With growing competition in AI-driven search, Alphabet’s fundamentals and technical outlook make it a top buy. The company’s focus on AI and cloud computing reflects both resilience and growth potential. For investors in tech, Alphabet remains a compelling choice in today’s fast-paced landscape.
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IMPORTANT: This article is of general nature only and readers should obtain advice specific to their circumstances from professional advisers.