- Alphabet shares rebounded 14% from their July 24 post-earnings low, trading near $360 and breaking key moving averages.
- The stock trades at a trailing price-to-earnings ratio of 17.87x, its lowest valuation multiple since 2019, contrasting with 24% revenue growth and an 82% expansion in its Cloud business.
- A strategic $15 billion data center partnership with Anthropic reframes Alphabet's massive infrastructure capital expenditure as demand-backed.
Quotes
“Alphabet shares have rebounded 14% from their July 24 low, currently trading near $360 after breaking key moving averages.”