Alphabet: The $462B Backlog Crushed The Bear Case, But At 30x P/E I'm Trimming To Buy
Alphabet's cloud backlog has reached $462 billion, significantly improving its financial outlook. The company's cloud margins have expanded to 32.9%, aided by AI-driven efficiencies that have reduced costs by over 30%. Despite these positive developments, the author suggests trimming positions at a 30x price-to-earnings ratio.
- ▪Alphabet's cloud backlog surged to $462 billion.
- ▪Cloud margins expanded to 32.9%.
- ▪AI-driven efficiencies lowered costs by over 30%.
- ▪The author recommends trimming positions at a 30x price-to-earnings ratio.
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