Alphabet Inc. Class C

Alphabet shares slid 7% after the company beat revenue and profit estimates but raised capex guidance. Cloud revenue topped $11 billion, a strong print, but the market focused on the cost of building out that business. The stock now sits at $380, near the top of its 52-week range of $180 to $408. At 26 times earnings, the multiple is fair for a company growing revenue 17% and earnings 48% year over year. Net margins of 38% are best in class. The Alpha Score of 64.6 reflects quality at 93 and value at 71, though momentum scored just 45 after the drop. The selloff looks like a reaction to the capex number, not a change in the fundamental story. Watch next week for analyst revisions and any commentary on cloud margins at investor conferences.

Alphabet shares trade near the top of a $180–$408 range, with the stock up roughly 125% from the 52-week low. The company's Alpha Score of 69.8 is driven by a quality sub-score of 93.1, reflecting a net margin near 38% and EPS growth of 48.5% over the past year. Revenue rose 17.4% year over year. The value score of 71 suggests the 26.35 P/E is not stretched relative to the growth rate, though the momentum score of 62.5 and sentiment score of 50 indicate the stock lacks the buying pressure seen in higher-beta names. Investors will watch next quarter's cloud revenue and capex guidance, as Alphabet continues to invest heavily in AI infrastructure. A sustained hold above $400 would open a run at the all-time high.

Alphabet's Gemini 3.5 Pro model is months behind schedule, a setback that sharpens attention on the cloud business ahead of Q2 earnings on July 22. The company has penciled in $190 billion in capex, a figure that underscores its bet on AI infrastructure. Shares trade at 26 times earnings, with EPS growing 48% year over year and net margins near 38%. The quality subscore of 93.1 supports the premium, though a momentum score of 60.4 and sentiment at 50 suggest the market is waiting for proof. The delay tests whether cloud revenue can sustain the narrative until the model ships. Next week's earnings will show if cloud growth alone can carry the stock.

Alphabet's Class C shares trade near the top of a $234 range, with the stock at roughly $390. The numbers that stand out: revenue rose 17% year over year, EPS jumped 48%, and net margin hit 38%. That combination gives a quality Alpha sub-score of 93.1, easily the best of the four sub-scores. Momentum sits at 62 — not screaming, but comfortable. Value at 70.5 is decent for a stock that's not cheap on a P/E of 27. Sentiment is the laggard at 50, a neutral reading that suggests no big crowd edge either way. What to watch: the next earnings report, expected in late April. With the stock at these levels, growth needs to keep accelerating to justify the multiple. Any slowdown in cloud or ad revenue would hit the momentum score hardest.

Alphabet closed at $408.61, touching the top of its 52-week range after a session that saw the stock grind higher on no single catalyst. The P/E sits at 27.14, not cheap by absolute standards but reasonable given the 48.5% EPS growth and 17.4% revenue expansion. The quality sub-score of 93.1 is the standout in the Alpha Score breakdown — net margins near 38% and a balance sheet that funds both AI capex and a $70 billion buyback program. Momentum at 76.4 reflects the steady climb from the $174 low, though sentiment at 50 suggests the market is still weighing antitrust risk and cloud competition. Next week's Google Cloud Next conference will test whether the enterprise AI story can sustain the multiple. If cloud growth accelerates past the 30% mark, the stock has room to run. If it stalls, the valuation argument gets harder.