$Alphabet(GOOGL)$ $Alphabet(GOOG)$ On this week's earnings call, investors expect proof of sustained Cloud growth and margin expansion, backlog conversion into high-quality revenue, evidence that AI features are increasing search/YouTube monetization without cannibalizing it, and an eventual return to positive and growing free cash flow when the heavy build phase moderates. It's up to Sundar Pichai to deliver on all of that, and he has a credible shot.
It is honestly hard to take the valuation comparison between $SpaceX(SPCX)$ and $NVIDIA(NVDA)$ seriously. On every metric, NVDA looks dirt cheap, yet it is getting sold off right after announcing a blockbuster buyback program. Apple's returns after its own buyback are worth a look. The selling just made for a better entry, in my view.
$NVIDIA(NVDA)$ A lot of the frantic negative posts around Nvidia read more like fear than anything else, and it feels like some of those people have a lot riding on it. I'm holding long and not really worried.
$Alphabet(GOOGL)$ $Alphabet(GOOG)$ Nothing fundamental has changed at Alphabet to undermine their AI thesis. The company is still capacity-constrained by demand and management remains confident. The upcoming earnings report will provide more insight, but patient investors can buy at these levels.
$Alphabet(GOOG)$ The selloff looks over. Wall Street got their cheap shares, and now it's time for the run up into earnings. The weak hands that sold did exactly what they wanted.
$Alphabet(GOOG)$ I'm not buying this drop at all. IBM, Adobe, and Netflix are flying, and Google stock has basically been held down for no good reason.