Company Coverage Updates Vol. IX
GOOG; MSFT; META; PLTR; BB; RBRK
On Today’s Agenda:
I spent some time last week updating the hyperscalers as well as updating coverage on a few other technology names. Overall, the investment theme for the hyperscalers remained the same, and if anything, confirmed my investment thesis for the market.
Alphabet (NASDAQ: GOOG)
Alphabet continues to perform as expected, gradually closing the gap in Google Cloud margins with the other cloud services providers. Though this hasn’t turned out to be as strong of a catalyst as expected, I suspect it will be significantly more impactful as margins near the 25-30% range, more in line with Microsoft and Amazon.
There are some growing concerns over Google Search as more users turn to GenAI for search; however, one must not forget that Alphabet’s Gemini remains as one of the top used GenAI platforms.
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