Bought some Google shares but small position
1. Its the only cloud not dependent on Nvidia:
Google Cloud has carved out 11% of the global cloud market, a significant jump from 6% just a few years ago. In 2023, they generated about $33.1 billion in revenue, showing impressive growth and potential.
2. Leader in quantum computing:
Google's "Willow" chip might be a quantum leap. It can tackle problems in minutes that would take even supercomputers 10 septillion(what the heck is the number?) years to solve.
3. Search Domination:
Google still holds over 90% of the search engine market share worldwide. Every day, billions turn to Google first, last, and always. Perplexity? Not even close. Google's still the king, and the throne isn't going anywhere.
4. Top streaming platform: YouTube has over 2.5 billion monthly active users, making it the largest streaming service out there. With $29 billion in ad revenue in 2023, they're not just streaming—they're literally printing money.
5. Only operational robo-taxi business: Waymo, a part of Alphabet, is leading the charge in self-driving technology. Theyve completed over 20 million miles of autonomous driving on public roads, putting them ahead of Tesla and others. Even if $Tesla Motors(TSLA)$ somehow manages to get its robotaxi business operational, Waymo already has a headstart.
6. Browser war winner: Google Chrome has nearly 65% of the web browser market share, making it the most popular choice globally. Its smooth integration with other Google services keeps users within the bubble of Google services
Google is currently trading at a PE of 21, and compared to the other Mag 7 stocks it is the lowest valuation. The market has shown it does not have confidence in Google, however I believe this is an oversight. Despite all the talk of breaking up Google and Google facing more competition, it has maintained steady growth. Even with a shaky future, I believe the stock has been oversold and I'm calling it a long term buy right now.
$Alphabet(GOOG)$
@CaptainTiger @Optionspuppy @TigerTradingNotes @TigerWire
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- AuntieAaA·03-06GoodLikeReport
