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].

Even though the market recovered substantially from its lows during April, plenty of stocks are still at appealing valuations right now. The economy hasn't been impacted by tariffs so far, and demand for AI-related products hasn't slowed a bit. If you've got $1,000 to deploy, I think you will be incredibly happy with the price you've bought these stocks at three to five years down the road. tech companies are customers of TSMC in one way or another, and its neutral position in the chip world gives it a grea ...