Long term still bullish. But does lose some search to ChatGPT though. But may retain higher value searches. And general knowledge leave it to ChatGPT. Sell them ads perhaps?
🧐 My view: Value-investing conclusion
If I step into the “value investor” mindset:
• I like the business: very strong fundamentals, excellent margins, dominant positions (search + ads), growing newer engines (cloud + AI).
• The premium is real: you are paying for future growth and dominance, not just the current business.
• Because of the elevated valuation (especially on a sales or FCF basis) and the heavy spending/investment, the margin for error is smaller. Execution missteps, regulatory shock, macro downturn could hurt.
• So: This is not a deep-value bargain. It’s more “growth at a reasonable price” (maybe even expensive growth). If you believe in Alphabet’s long-term vision (10+ years) and can tolerate some near-term volatility, it may be a compelling holding. But if you are strictly value-oriented and want big margin of safety, you might wait for a pullback or clearer re-rating.
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📝 Final verdict
Yes — Alphabet’s stock is going up for solid, fundamental reasons (earnings, growth engines, AI tailwinds), with technical confirmation via a breakout and strong momentum. From a value investing viewpoint, it’s a good business but not a “cheap” one — buying now is more about conviction in its future rather than getting a big discount.
PS: Do your Own research. Not financial Advice.
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