Alphabet Q2 Preview: The AWS Blueprint For TPUs
Sentiment Analysis
Alphabet's Q2 earnings will likely normalize after a massive Q1 beat, shifting investor focus toward its growing in-house semiconductor operations. Hyperscalers are beginning to position their proprietary custom silicon segments as formidable standalone businesses to combat heavy cloud competition. While massive capital expenditures create depreciation risks for GAAP earnings, this infrastructure buildout should ultimately spur lucrative proprietary chip sales. Following the recent sell-off, GOOG trades at an attractive forward PEG ratio near 1.0, supporting a conservative fair value estimate of $347.
Q2 Earnings preview Last quarter for Alphabet (GOOGL) (GOOG) was a blowout quarter. They beat earnings estimates by about double, mainly due to a fair value adjustment of non-marketable securities, when at the time,
Source: Seeking Alpha
This content is not intended as investment advice or a recommendation. Any opinions expressed are solely the personal views of each article.