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Alphabet Inc

Alphabet Inc (GOOGL)

177.72
8.04
( 4.74% )
Updated: 13:03:31

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DiscoverGold DiscoverGold 2 hours ago
Alphabet (GOOGL) Stock Pops After AI Boosts Results
By: Schaeffer's Investment Research | October 30, 2024

• Alphabet stock is surging after beating third-quarter earnings estimates

• The stock's options pits are brimming with higher-than-usual activity today

Shares of Google parent Alphabet Inc (NASDAQ:GOOGL) are on the rise today, after the tech giant beat third-quarter earnings and revenue expectations following a 35% rise in cloud revenue. The company's cloud division saw a boost from artificial intelligence (AI) buzz, which has, of course, been a long-term focus. In his remarks, CEO Sundar Pichai said AI investments are "paying off."

At last glance, GOOGL was up 5.6% at $179.20, earlier as high as $182.02, with the stock jumping $150 billion in value straight out of the gate. Today's bull gap has shares breaking above the $170 level, which acted as pressure since early August, after they yesterday closed above the 100-day moving average for the first time since then. Year to date, the equity is up 28.3%.

The stock's options pits are buzzing even more than usual today, with 357,000 calls and 171,000 puts exchanged so far -- more the double the usual daily volume. The weekly 11/1 180-strike call is the most popular, with new positions opening there.

This bullish-leaning sentiment amongst options traders isn't unusual, as calls have been much more popular than puts over the last 10 weeks. This is per GOOGL's 50-day call/put volume ratio of 2.98 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than all other readings from the past year.

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DiscoverGold DiscoverGold 3 hours ago
Recapping $GOOGL earnings
By: Markets & Mayhem | October 29, 2024

• Recapping $GOOGL earnings.



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JJ8 JJ8 15 hours ago
Google share price had a Bullish Triangle Breakout yesterday, 28-Oct-2024. GLTA
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DiscoverGold DiscoverGold 18 hours ago
$GOOG aaand boom goes the dynamite
By: TrendSpider | October 29, 2024

• $GOOG aaand boom goes the dynamite.



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DiscoverGold
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Greedy G Greedy G 20 hours ago
~edit to last post; ‘screen shotted’
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Greedy G Greedy G 20 hours ago
~you know when you posted on Tesla board I screamed shot it. I was really angry with myself for my overall strategy period & then I got shook out of my position over there. Anyway, really appreciate the insights.
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Chartmaster Chartmaster 20 hours ago
Here's my rule book for earnings pops, I'll prob try to follow it for the Nov 185 calls and hold the Dec calls cuz I think we see a tech melt-up till eoy! GL

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Greedy G Greedy G 20 hours ago
~good advice there.
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Chartmaster Chartmaster 20 hours ago
I like to get at least 2 weeks time for close to the money options...I think I saw 180 AH!
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Greedy G Greedy G 21 hours ago
~Nice! I will start buying closer to the money.
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DiscoverGold DiscoverGold 21 hours ago
GOOGLE $GOOGL Just Reported Earnings: Double Beat
By: Evan | October 29, 2024

• GOOGLE $GOOGL JUST REPORTED EARNINGS

EPS of $2.12 beating expectations of $1.84
Revenue Ex-Tac of $88.3B beating expectations of $86.3B

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DiscoverGold
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Greedy G Greedy G 21 hours ago
~I’ve seen some of your calls of late, I believe ! lol
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Chartmaster Chartmaster 21 hours ago
Just added 4 Nov 185 calls at 2.32, I'm feelin it here!
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Chartmaster Chartmaster 21 hours ago
I predict 185 in a few minutes here, then 190 tomorrow
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Greedy G Greedy G 21 hours ago
~that’s why bought it even as far out the money these calls are, but I like my chances. I keep hearing valuation should be higher, so we will soon see!
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Chartmaster Chartmaster 21 hours ago
I think Neflix and Tesla has set the stage for gap opens higher on earnings, GOOG is just one of the MAG7, should be an exciting week imo, NASDAQ is now making all time highs, GL
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Greedy G Greedy G 22 hours ago
~gap higher that’s what I wanna hear ! GOOG
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Chartmaster Chartmaster 22 hours ago
Holding 4 Dec 175 calls going into tonight's earnings after the bell, chart alone looks like a buy and with an earnings beat this looks like it wants to gap higher!
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Greedy G Greedy G 24 hours ago
~bought 11/1 $205 calls @.09c
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DiscoverGold DiscoverGold 2 days ago
$GOOGL $1.4 Million Put Sweeper Detected
By: Cheddar Flow | October 28, 2024

• $GOOGL $1.4M Put Sweeper Detected

This order was executed above the ask and expires at the end of the week.



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DiscoverGold DiscoverGold 2 days ago
$GOOG Send it into the volume gap this week? I think yes.
By: TrendSpider | October 27, 2024

• $GOOG Send it into the volume gap this week?

I think yes.



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DiscoverGold DiscoverGold 1 week ago
$GOOG looks close
By: TrendSpider | October 22, 2024

• $GOOG looks close.



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DiscoverGold DiscoverGold 1 week ago
$GOOGL - We have a clear inverse H&S pattern...
By: CyclesFan | October 20, 2024

• $GOOGL - We have a clear inverse H&S pattern. The right shoulder may have formed on October 9, but if next week is a down week for the indices it may still undercut the Oct 9 low and get closer to the August low at 155. The breakout should happen after earnings on October 29.



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Harbor6460 Harbor6460 3 weeks ago
Big fines coming. Maybe some change. 0 chance of breakup.
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DiscoverGold DiscoverGold 3 weeks ago
$GOOGL Millions worth of ITM calls sold to open (Unusual)
By: Cheddar Flow | October 9, 2024

• $GOOGL Millions worth of ITM calls sold to open (Unusual)

This is likely part of a larger hedge strategy for the underlying



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JJ8 JJ8 3 weeks ago
I think it is overdone the attack on Alphabet, inc.

It has become one the most successful, popular, useful "institution" always instantly available as research tool for reliable information for decades. A unique phenomenon. The word Google is most known and used word around the world. Why to disturb this amazing company and it's addictiveness among billions of people. I think the chase and attempt to go against a once "wonder" is no more positive news in high technology and the good of for the billions of people using it. Seen and used Microsoft Bing yet what I always use is Google. Never forget what feels good and right to most users in the world is what should be good for business and not breaking it such a vast community hurting its rare worldwide usage for success giving satisfaction and great performance. The exception to the rules should not ruin what is has been achieved by Google/Alphabet, Inc. It makes no sense destroying something wonderfully useful and making billions of people worldwide for so long.
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DiscoverGold DiscoverGold 4 weeks ago
Alphabet (GOOGL) Stock Attracts Bullish Coverage on Valuation
By: Schaeffer's Investment Research | October 1, 2024

• Options are affordably priced as well

• Call traders are chiming in as well

Pivotal initiated coverage of Alphabet Inc (NASDAQ:GOOGL) with a "buy" rating, noting the Google parent's “attractive valuation in any realistic scenario.” GOOGL was last seen trading near breakeven at $165.97.

The shares pulled back after hitting a July 10, record high of $191.75 to their lowest level since March, but have since bounced to conquer their 40-day moving average. While the $168 region has been acting as a ceiling since late August, GOOGL sports a 20.3% year-to-date lead.

Calls have been much more popular than usual. This is per GOOGL's 10-day call/put volume ratio of 3.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 93% of readings from the past year.

Drilling down to today's options activity, 62,000 calls and 24,000 puts have already traded hands, which is triple the volume typically seen at this point. The most popular contract by far is the weekly 10/4 170-strike call, with new positions currently being opened there.

Options are attractively priced. This is per Alphabet stock's Schaeffer's Volatility Index (SVI) of 24% that ranks in the relatively low 20th percentile of its annual range, meaning options traders are pricing in low volatility expectations at the moment.

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DiscoverGold DiscoverGold 4 weeks ago
Alphabet $GOOG seeing some beautiful continuation higher this morning in pre-market
By: TrendSpider | October 1, 2024

• Alphabet seeing some beautiful continuation higher this morning in pre-market.



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DiscoverGold DiscoverGold 1 month ago
$GOOG Previous supply zone acting as new demand... Not a bearish occurrence
By: TrendSpider | September 29, 2024

• Previous supply zone acting as new demand...

Not a bearish occurrence. $GOOG



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DiscoverGold DiscoverGold 1 month ago
At 23x trailing earnings, Alphabet is the cheapest of the Mag Seven stocks by a decent margin. $GOOG
By: TrendSpider | September 27, 2024

• At 23x trailing earnings, Alphabet is the cheapest of the Mag Seven stocks by a decent margin. $GOOG

$META - 29x
$AAPL - 35x
$MSFT - 36x
$AMZN - 45x
$NVDA - 55x
$TSLA - 111x



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DiscoverGold
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bwrbad bwrbad 1 month ago
google it, Powell brain
for your entertainment
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Bountiful_Harvest Bountiful_Harvest 2 months ago
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Harbor6460 Harbor6460 2 months ago
Nobody getting in at 150’s
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DiscoverGold DiscoverGold 2 months ago
$GOOG Just a S/R flip at the multi-year breakout zone until proven otherwise
By: TrendSpider | September 1, 2024

• $GOOG Just a S/R flip at the multi-year breakout zone until proven otherwise.



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JJ8 JJ8 2 months ago
Alphabet share price in High Pole Warning. GLTA
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DiscoverGold DiscoverGold 2 months ago
$GOOG Potential bear flag setup with Relative Performance indicator making lower lows...
By: TrendSpider | August 29, 2024

• Potential bear flag setup with Relative Performance indicator making lower lows...

Do-not-touch list on the long side $GOOG



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DiscoverGold DiscoverGold 2 months ago
Alphabet (GOOGL) Turns Twenty
By: Bespoke Investment Group | August 19, 2024

Twenty years ago to the day, the company running the world's largest search engine went public. On August 19th, 2004, Alphabet (GOOGL) shares IPO'd at a split-adjusted price of $2.13. In the 20 years since, the stock has been a top performer in many aspects. Simply looking at the top line, revenues have exploded from $512 million in Q4 2003 to $84.7 billion in the latest quarter. Given its rise to become one of the six "trillion dollar market cap" companies, the stock has ripped higher an astounding 7,669% from its IPO price.



So how has Alphabet done in the 20 years since it went public versus other big winners in the stock market? Below is a look at the 30 stocks currently in the S&P 500 that are up the most over the last 20 years. As shown, these 30 names are all up more than 3,000% since GOOGL's IPO, and GOOGL ranks as the 11th best. Unsurprisingly, the single best stock by a huge margin is NVIDIA (NVDA) with a gaudy 127,418% gain, but other mega-caps like Apple (AAPL) and Amazon (AMZN) have both put up better numbers than GOOGL as well. Additional names that have done better than GOOGL include Netflix (NFLX) with a 30,000%+ gain, Monster Beverage (MNST), Booking Holdings (BKNG), Intuitive Surgical (ISRG), Regeneron (REGN), Deckers Outdoor (DECK), and Salesforce (CRM).



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JJ8 JJ8 2 months ago
Alphabet share price Double Top Breakout today on 19-Aug-2024. GLTM & GLTA
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DiscoverGold DiscoverGold 2 months ago
$GOOG Hold the line!
By: TrendSpider | August 17, 2024

• Hold the line! $GOOG.



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Harbor6460 Harbor6460 2 months ago
Well we completed the W in the chart today again if we close above 166. Then we will see. Look at last 2 W in chart a few months ago. We moved to 190
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Harbor6460 Harbor6460 3 months ago
She always buys at the wrong time. I wish i sold this at 190 and bought amzn
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DiscoverGold DiscoverGold 3 months ago
Antitrust Scrutiny Pulls Put Traders to Alphabet Stock
By: Schaeffer's Investment Research | August 14, 2024

• The Department of Justice (DOJ) is considering breaking up Alphabet

• A court ruled the company monopolized the online search market

The Department of Justice (DOJ) is considering breaking up Big Tech titan Alphabet Inc (NASDAQ:GOOGL), after a court ruling determined the company monopolized the online search market, per a Bloomberg News report. This comes amid Alphabet's Pixel phone launch, which showcased its Gemini technology and positioned it as a leader in bringing artificial intelligence (AI) to smartphones.

GOOGL was last seen down 1.2% to trade at $162.20, after a rally off the 180-day moving average fell short of the $165 level. The stock has pulled back significantly from its July 10, all-time high of $191.75, but despite its 10.4% quarter-to-date deficit, it still sports a 16.8% lead for 2024.

Over at International Securities Exchange (ISE), Cboe Volatility Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GOOGL's 50-day put/call volume ratio sits higher than 97% of readings from the past year. This indicates traders have been more bearish than usual.

Drilling down to today's options activity, 54,000 puts have already crossed the tape, which is double the intraday average volume. The most popular contract is the August 160 put.

It's also worth noting the Alphabet stock sports affordably priced premiums. This is per the equity's Schaeffer's Volatility Index (SVI) of 25% that ranks higher than just 21% of annual readings.

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DiscoverGold DiscoverGold 3 months ago
Cathie Wood & Ark Invest's Buys 14,686 Shares of Alphabet Inc. (GOOG)
By: Ark Invest Daily | August 12, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/12.





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DiscoverGold DiscoverGold 3 months ago
$GOOGL Leaps Sweeper
By: Theta Warrior | August 13, 2024

• $GOOGL LEAPS SWEEPER.



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Harbor6460 Harbor6460 3 months ago
1st daily W in chart in awhile. Tomorrow maybe 167-170
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DiscoverGold DiscoverGold 3 months ago
$GOOG Are you comfortable paying 23 times earnings for Alphabet stock?
By: TrendSpider | August 7, 2024

• $GOOG Are you comfortable paying 23 times earnings for Alphabet stock?



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DiscoverGold DiscoverGold 3 months ago
Monday would be a 3-day reaction plunge. There remains the risk of a bounce and then a more serious pattern forming in September.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174862479

DiscoverGold
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Harbor6460 Harbor6460 3 months ago
Margin call. Nasdaq 1 year chart support here. But we will SEE If that holds
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DiscoverGold DiscoverGold 3 months ago
$GOOG This oversold bounce might have legs
By: TrendSpider | July 31, 2024

• $GOOG This oversold bounce might have legs.



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DiscoverGold DiscoverGold 3 months ago
When You Look Back in 5 Years, You'll Wish You'd Bought This $2 Trillion Artificial Intelligence (AI) Stock
By: The Motley Fool | July 31, 2024

• When You Look Back in 5 Years, You'll Wish You'd Bought This $2 Trillion Artificial Intelligence (AI) Stock

Alphabet is one of the cheapest megacap technology stocks, despite being a leader in AI.

Alphabet (GOOG 0.75%) (GOOGL 0.73%) is the technology conglomerate behind Google, YouTube, autonomous driving company Waymo, and artificial intelligence (AI) developer DeepMind (to name just a few of its subsidiaries).

Google remains the dominant internet search engine globally, and it used that success to build other businesses like Google Cloud and Google Workspace (which includes Gmail and Google Docs). But as the window to the internet for over 20 years, Google Search is also a repository of some of the most valuable data in cyberspace, which gives Alphabet an incredible edge in the AI race.

Alphabet is already generating billions of dollars in revenue from AI specifically, and the best is probably yet to come. Its stock is very cheap based on one widely used valuation metric, and when investors look back on this moment in five years, they might wish they had bought it today.

Alphabet is weaving AI throughout its entire business

Google has a 91% global market share in the internet search industry, but it came under threat last year following the rapid adoption of OpenAI's ChatGPT. AI-powered chatbots can provide direct answers to almost any question, creating a more convenient experience compared to Google Search, which requires the user to sift through webpages to find the information they need.

It prompted Alphabet to launch its own family of AI models called Gemini, which power a new Google Search feature called AI Overviews. Overviews speed up the search experience by delivering text-based responses at the top of Google's traditional web results. They include reference links so the user can view the source of the information, and Alphabet says they are receiving more clicks than the links that appear in traditional search results. That could have positive implications for advertising revenue when AI Overviews roll out more broadly.

Gemini is also available in Google Workspace for an additional monthly subscription fee. It integrates into productivity applications like Google Docs, Sheets, Slides, and Gmail, allowing users to rapidly create content and speed up their workflows. One Workspace customer, Click Therapeutics, is using Gemini to analyze patient feedback to build digital treatment plans, and the use cases will likely expand further over time.

Google Cloud is another critical component of Alphabet's AI strategy. Like most top cloud providers, Google Cloud offers AI data center infrastructure fitted with chips from leading suppliers like Nvidia. However, Alphabet also designed its own chips in-house, and its new Trillium tensor processing unit (TPU) delivers 5 times more compute performance than the previous version.

Developers use that computing power to perform AI training and inferencing to deliver the most advanced AI models, so faster chips can translate into cost savings and higher-quality outcomes. Google Cloud also offers a library of ready-made large language models (LLMs), including Gemini, which developers can use to accelerate the creation of their applications.

Google Cloud just crossed a noteworthy milestone

Alphabet generated a record $84.7 billion in revenue during the second quarter of 2024 (ended June 30), a 14% increase from the year-ago period. Google Search remained the dominant part of the conglomerate, accounting for more than half of that revenue.

Google Cloud was the standout performer, though, because its sales grew by 29% to $10.3 billion. It was the first time the segment crossed the $10 billion mark, and AI played a key role in achieving that milestone. Alphabet said its AI infrastructure and solutions have already generated billions of dollars in revenue to date, with over 2 million developers currently using them.

Both of those numbers are likely to rise in the future as more businesses integrate the technology into their day-to-day operations.

Alphabet continues to carefully manage its costs to drive profitability. Its total operating expenses ticked up 8.6% during Q2, and since that was much slower than the pace of its revenue growth, more money flowed to the bottom line. As a result, the company's earnings per share soared 31% year over year to $1.89.

Capital expenditures are one thing investors are watching closely, because building AI infrastructure is incredibly expensive. Alphabet spent $13 billion on capital expenditures during Q2, and it expects to spend at least $12 billion per quarter for the rest of 2024. The company warned this could temporarily pressure its profit margins, but the long-term payoff from having more AI capacity could outweigh any short-term negatives.

Alphabet stock is cheap

Alphabet generated $6.97 in earnings per share over the last four quarters, and based on its stock price of $167.28 as of this writing, it trades at a price-to-earnings (P/E) ratio of 24. That is a 24.7% discount to the Nasdaq-100 index, which has a P/E ratio of 31.9, implying Alphabet is heavily undervalued compared to its big-tech peers.

Alphabet's P/E ratio is also the cheapest among every other company with a valuation of at least $2 trillion:



PE RATIO DATA BY YCHARTS

Nvidia, Microsoft, and Apple trade at an average P/E ratio of 45.2. That number is heavily skewed by Nvidia, so I'm not suggesting Alphabet stock will climb that high. However, it might be appropriate for the stock to rise 45% to trade in line with the average P/E ratio of Microsoft and Apple, which is 35.

After all, Alphabet's earnings growth of 31% during Q2 was substantially faster than what both Microsoft (8.9%) and Apple (13.5%) are forecast to deliver in their upcoming quarters. Plus, Alphabet might have an edge over both companies in the AI space, because they rely heavily on third-party developers like OpenAI for their AI software.

Simply put, besides the fact Alphabet is generating strong growth already with promising long-term potential thanks to AI, there is a clear case its stock should be trading much higher based on the valuations of some of its peers in the tech industry.

Therefore, when investors look back on this moment a few years from now, they might be glad they scooped up Alphabet shares at the current price.

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