Alphabet Stock’s Bull Run Raises Valuation Questions Amid AI Revenue Expectations
Alphabet Inc. has surged over 30% in three months, buoyed by robust Q2 earnings and a favorable court ruling on Chrome's future. Yet investors now question whether the rally has outpaced fundamentals.
The tech giant posted $96.4 billion in Q2 revenue - a 14% year-over-year jump - with CEO Sundar Pichai calling it a 'standout quarter.' Regulatory relief came in September when a U.S. District Judge rejected demands to divest Chrome, removing a key overhang.
Motti Sapir voices growing market skepticism: 'To MOVE meaningfully higher, Alphabet must demonstrate AI monetization or benefit from broader market euphoria - neither being certain.' The stock's pullback during Friday's NASDAQ selloff underscores these valuation concerns.