Is Google Stock a Buy Today? Cloud Growth Meets AI Monetization

Alphabet’s Class A Google stock (NASDAQ: GOOGL) opened Wednesday’s trading session at $344. The search giant is having a rough path in August with little to no price spurts. Skepticism about the equity rose after Alphabet announced in its Q2 earnings that it would increase its capex on AI from $180 billion to $205 billion. This is what’s making its price stagnate in the charts, as Wall Street is concerned about overspending.

Also Read: Intel Stock Below $100: Is This a Buying Opportunity or Warning?

Google Stock Is Still a Buy? Here’s Your Answer

Alphabet is monetizing its Google Cloud Platform (GCP) by shifting enterprise contracts by allowing clients to use Gemini to test their AI models. Clients are now actively paying Google to use Gemini and custom chips in their everyday work. The GCP’s scale has already reached $24.8 billion in Q2 revenue, up 82% year-over-year. The development highlights that Google is turning its AI model into a real, high-margin software business. For long-term investors, this is an assurance that Google’s revenues are coming from all corners, which eventually strengthens its stock prospects.

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