Here's Why I'm Buying Alphabet Stock Like There's No Tomorrow

Core Viewpoint - Alphabet is undervalued compared to its big tech peers despite strong financial performance, particularly in its Google search engine business [1][8][10]. Financial Performance - Alphabet's overall revenue increased by 12% year over year, while diluted earnings per share (EPS) rose by 49% year over year [8][11]. - Google Search revenue grew by 10% year over year in the first quarter, indicating robust financial health [5][7]. Market Position - Google maintains a dominant position in the search market, although its market share has slipped below 90% for the first time since 2015 [4][5]. - Concerns about users switching to generative AI models are present, but the introduction of AI search overviews is helping Google retain its user base [6][7]. Valuation Comparison - Alphabet's forward P/E ratio is 18.6, significantly lower than the S&P 500's 22.9 and its peers like Apple, Microsoft, and Amazon [9][11]. - The disparity in valuation suggests that either Alphabet is undervalued or its peers are overvalued, presenting a potential investment opportunity [9].