IB Net Payout Yields Model

Google: AI Boost Heading Into Q2

  • Google reports Q2 2023 results after the close today, July 25, with revenue growth reaccelerating to 4.4%.
  • The internet search giant appears to be working with Apple Inc. on internal AI plans in a good sign Google Cloud will see strong growth.
  • The stock remains cheap at only 14x non-GAAP EPS targets for '25 with additional upside of AI and further efficiency gains.
One major outcome of the apparent Apple Inc. (AAPL) AI endeavor is a heavy reliance on Alphabet Inc. (NASDAQ:GOOGNASDAQ:GOOGL), aka Google. The tech giant has invested heavily in AI tools over the last several years and appears well-positioned with Google Cloud to benefit from surging demand for data center space. My investment thesis remains ultra Bullish on Google heading into Q2 '23 earnings after the close on Tuesday, July 25.

Read the full item on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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