Alphabet reported strong Q3 results with revenue rising 16% to $102.3 billion, driven by Google Cloud’s 34% revenue growth to $15.2 billion. Operating income surged 89% to $3.6 billion. The stock, up over 50% this year, remains attractively valued with a forward P/E of around 27 times 2026 estimates.

Google Cloud is a standout for Alphabet, fueled by AI services with 70% of cloud customers using them. The company plans to spend $91-$93 billion on capex for data center expansion. Core search revenue rose 15% to $56.6 billion, powered by AI features. YouTube ad revenue grew 15% to $10.3 billion.

Alphabet’s strong collection of businesses, including Google Cloud and YouTube, position it for long-term growth. AI advances in search and strong cloud demand drive optimism. With an attractively valued stock and market-leading businesses, Alphabet remains a buy for investors looking for growth potential.

Read more at Nasdaq: Prediction: It’s Not Too Late to Buy Alphabet Stock as Growth Accelerates