The Market Is Souring On Alphabet: I'm Buying What They're Missing

A bullish post on Alphabet argues the stock is missing the market’s “right now” expectations even as spending guidance rises. The author points to Wall Street forecasts of $175 billion to $185 billion in 2026 capital spending, while noting Alphabet’s 24.2% revenue growth in the most recent quarter and a valuation around 15 times earnings. Shares closed at $343.92, below the 52-week high of $408.10. The case centers on Google Search bringing $63.27 billion in Q2 (+17%) and funding faster-growing Cloud and AI businesses. It cites Google Cloud revenue of $24.77 billion (+82% in Q2), an EPS streak of 11 beats, $55.91 billion in cash, and a 5% dividend increase to $0.22, while warning that capex surged to $44.92 billion (+100.1%) and free cash flow turned negative at -$5.86 billion.