Alphabet (GOOGL) stock has recovered quite nicely from the deep selloff it endured near the end of 2022, as its advertising channels continue to consistently deliver big numbers. While Alphabet still heavily depends on ad sales, the company’s new growth engine is Google Cloud. I’m bullish on both parts of the business, but Google Cloud offers more upside potential as the tech giant continues to gain ground on its peers.
Ad revenue carries the bulk of the revenue load at Google, having […]
Bullish on Alphabet, as Cloud Computing Is the New Growth Engine for the Stock