GOOGL - Google Q2 Earnings: Investing In The Future While Expanding Margins What Else Do You Want?
2024-07-24 04:31:47 ET
Summary
- Alphabet delivered strong Q2 results with expanded profit margins and significant investments in Waymo, making its stock drop slightly.
- The company's revenues were driven by Search, Cloud, and AI initiatives, positioning it well for future growth opportunities.
- Despite challenges like declining network revenues and cybersecurity risks, Alphabet's consistent and predictable growth, along with its valuation at 16x next year's operating profits, make it an attractive investment option.
Investment Thesis
Alphabet ( GOOG )( GOOGL ) delivered a robust set of Q2 results that was met with investor apathy and saw its stock drop a smidge....
Google Q2 Earnings: Investing In The Future While Expanding Margins, What Else Do You Want?