Edward Collins
by EDWARD COLLINS

A pre-dotcom bubble euphoria

16/09/2025 68 0
GOOGL
FACT: Quarterly Summary Q2 2025 – Alphabet Inc.

Alphabet Q2 resembles pre-dotcom bubble euphoria. Revenues +14%, Cloud +32%. Margins 32.4%, EPS $2.31, but $85B CapEx is overinvestment. Ads reliance risky. At 28x P/E, it reflects irrational optimism. Recommend caution.

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