Google’s India Play Sparks Alphabet Stock Frenzy—Wall Street Already Counting Unhatched Chickens

Alphabet’s stock is flashing buy signals as Google doubles down on India—the last great growth frontier Big Tech hasn’t completely ruined yet.

Why it matters: With Western markets saturated, India’s 1.4 billion population represents tech’s final gold rush. Google just placed its bet.

The cynical take: Analysts will hype this as ’transformational’ until Q3 earnings miss by 0.5%—then suddenly it’s ’a concerning distraction from core search revenue.’

Google Pixel, AI Make Alphabet (GOOGL) a Must-Watch Tech Stock?

The Google parent company is currently selling at a P/E ratio of 19. Moreover, it stands as a top AI development firm, first utilizing the tech more than 24 years ago. Additionally, its financials are incredibly strong, with $75 billion in free cash FLOW over the last year and $95 billion in liquidity. There are still questions, specifically regarding how Alphabet’s Google stands in the AI space. The arrival of OpenAI’s ChatGPT changed everything, which knocked Google’s market share to below 90% for the first time ever, according to a recent report.

Additionally, in Q1 2025, 56% of Alphabet’s revenue came from the Google search engine. If Google search is replaced by AI, it could cause the popular search engine to lose out on billions in revenue, heavily impacting investors.

However, Alphabet is far more than a company that relies solely on what Google can provide it. Its advertising business has skyrocketed. Specifically, it constituted 74% of its revenue in Q1, while its Google Cloud offering jumped to a revenue share of 14%. Altogether, it is showing the diversification and reach necessary to be one big play away from skyrocketing among its mega-cap peers.

Analysts at CNN are mixed on GOOGL’s future, but mostly swing towards bullish. The analysts have a high-end forecast of $250.00 over the next 12 months for Alphabet stock.