GOOGL - Alphabet Q1 2024 Earnings Update

2024-04-26 03:00:00 ET

Summary

• Over the last year or so, Google has had its fair share of skeptics, including yours truly.
• While the stock price used to embed some tension and debate about Search's future, following the after-hours rally, it appears that the stock is finally priced as an AI winner.
• While almost all big tech seems to be cruising along today, what matters for long-term investors is where each of these businesses will stand 5–10 years from now.

... it took Google more than 15 years to reach $100 billion in annual revenue. In just the last 6 years, we have gone from $100 billion to more than $300 billion in annual revenue

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