Alphabet is a leader in AI with Google Search and Google Cloud. Q3 results will be reported on Oct. 29. Stock may be a good buy due to attractive valuation. Wall Street awaits tech giants’ Q3 results, focusing on AI progress. Alphabet’s Q3 report could boost stock, already one of the cheapest.

AI chatbots like OpenAI’s ChatGPT posed a threat to Google Search. Alphabet countered with Gemini LLMs powering AI Overviews. Overviews deliver direct answers, attracting ad revenue. Google Search revenue grew 11.7% to $54.2 billion in Q2. Q3 results on Oct. 29 will reveal if the growth trend continues.

Google Cloud is key to Alphabet’s AI strategy. It’s top choice for AI startups and offers access to LLMs. Generated $13.6 billion in Q2, up 32% YoY. Order backlog of $106 billion suggests strong demand. Expect further acceleration in Q3 results on Oct. 29.

Alphabet’s profitability surged with accelerating growth in Google Search and Google Cloud. Earnings up 35% YoY to $5.12 per share in 2025. Stock trades at a low P/E ratio of 25.6. Stock could be a great investment ahead of Q3 report on Oct. 29. Long-term view recommended for maximum return.

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