Alphabet is leveraging AI to boost its search business and experiencing strong growth in cloud computing. The company’s Waymo business and distribution advantage are also promising. With a low valuation and solid performance in various sectors, Alphabet remains an attractive investment option in the AI space.

Alphabet’s search revenue is thriving with the addition of AI features, driving more search queries. The company’s AI Overviews and AI Mode are gaining popularity, offering a convenient user experience. With Chrome, Android, and its ad network, Alphabet has a significant distribution advantage, making it a dominant force in the market.

Google Cloud’s revenue surged 32% in Q2, with impressive growth and profitability. Google’s TPUs are gaining traction in the cloud market, providing cost advantages and catering to AI workloads. The company is investing in new data centers to meet demand and enhance Google Cloud’s profitability over time.

Alphabet’s emerging businesses, including Waymo and quantum computing, hold significant potential for future growth. Despite its market-leading positions and strong performance, Alphabet is undervalued compared to other big tech AI leaders. Investors looking to capitalize on AI and emerging technologies can benefit from investing in Alphabet.

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