This is an old version of GOOGL from last month (Sep 14, 2026).See the latest version
GOOGL
- Price
- $348.99
- Fair value
- $433.00
- Discount
- 19.4%
- Uncertainty
- Medium
- LSEG rating
- 1.82
- Moat
- Wide
- Next earnings
- 2026-10-27
- Next earnings is estimate
- No
- Company name
- Alphabet
- Sector
- Internet search & cloud computing
- About
- Alphabet owns Google. Google Search and YouTube sell advertising. This is most of Alphabet's profit today. Google Cloud rents computing power and AI tools to other companies, for a fee. Alphabet also owns Waymo, a self-driving car company, and other early-stage projects.
- Thesis
- The market worries that AI chatbots will replace Google Search, and that antitrust rulings will force Google to change how it runs its business. But Google Cloud is growing fast, driven by companies renting AI computing power and using Google's own AI models. Search ad revenue has kept growing even as AI-generated answers now appear next to search results. If Cloud keeps growing at its current pace, and Search does not shrink the way the market fears, the discount can close.
- Risks
- Google Cloud's growth depends on continued heavy AI spending by Alphabet and by its customers. If AI infrastructure spending slows, Cloud growth can slow with it. AI chatbots and AI-generated answers could reduce the number of clicks on search ads over time. This effect is hard to measure today, since search ad revenue is still growing. Alphabet faces ongoing antitrust cases in the US and the EU. A future ruling could add more restrictions on how Google runs Search, Android, or its advertising business.
- Recent events
- 2026-07-22: Alphabet reported Q2 2026 results. Revenue grew 24% to $119.8 billion. Google Cloud revenue grew 82% to $24.8 billion. 2025-09-02: A US court ruled on remedies in Google's search antitrust case. Google keeps Chrome and Android. Google must end exclusive default-search deals and share some search data with rivals.