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#PROXIMA NOVA FONT ALPHABET PLUS#
Whether we’re talking about Google Plus or Google Glass, it’s clear that many Alphabet’s side projects don’t amount to much. At this juncture, Google is at a crossroads, and it looks like Stadia is a write-off, with its director now gone for Google Cloud. Indeed, Microsoft ( MSFT) and its gaming push have been the envy of the tech industry. If Stadia were able to win over the business of a big-league publisher, Google could take Stadia to the next level. With the semi shortage, next-generation consoles are hard to come by. While first-party games are important to many gamers, I don’t think Stadia’s pivot marks the beginning of its demise. Some took the move as a sign that Stadia’s ambitious future was in jeopardy. The company previously announced that it will no longer develop first-party games on its platform. While the technology is quite impressive, the game lineup has been quite lacking. The video-game console “in the ground” effectively brings down the barriers to entry into console (or computer) gaming. Few other firms can funnel in such incredible sums of cash into innovative bets, after all.Īlphabet’s cloud-gaming platform, Google Stadia, has been met with mixed success. While it’s tough to say which one of Alphabet’s next bets will pay off, investors are essentially getting such businesses at a hefty discount at these valuations. Indeed, ever since Google became Alphabet, it’s become more than just a search company, though search and online ads continue to comprise a vast majority of the firm’s revenues. Other bets, such as Alphabet’s self-driving car endeavor Waymo, or its cloud gaming offering, Stadia, should also not go unnoticed.Īlthough they haven’t been impactful to the company’s incredible growth, they could evolve into something special over the course of the next decade. The company has made significant strides in the cloud and is arguably one of the leaders in AI (artificial intelligence), given its unmatched wealth of data. It’s not just a dominant online advertising business anymore.
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Still, the company has shown signs that it’s able to continue to grow in spite of its age. Undoubtedly, Alphabet’s stellar quarter has been against highly favourable year-over-year comparables.
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These are unprecedented growth numbers for a company with a market cap closing in on $2 trillion. For the second quarter, Alphabet clocked in an incredible 62% in top-line growth, and EPS growth of 169.1%. (See GOOGL stock charts on TipRanks) Alphabet Continues Firing on all CylindersĪlphabet has left COVID-19 pressures behind, with the 2020 advertising slowdown now in the rearview mirror. At 30.4 times trailing earnings, shares of GOOGL are not severely overvalued from a historical valuation perspective.Ĭompared to some of the frothier, unprofitable tech names out there, Alphabet may still be a relative bargain, even as the broader market shows signs of weakness. I am bullish on Alphabet, as it continues to impress the Street with robust strength across the board. Alphabet: Can FAANG Stock Continue its Run?Īlphabet ( GOOGL) has been leading the basket of FAANG stocks higher of late.