WSJ
29 Oct 2026, 13:12 UTC · 1h ago
AI Is Almost the Easy Part. Everything Else Is Hard
Impact · against what's priced in
The report of soaring cloud growth is largely a non-event for Microsoft but provides a positive catalyst for Alphabet. While Microsoft's valuation already assumes high cloud growth, Alphabet's price currently discounts the possibility of cloud acceleration, making this update a challenge to its current conservative pricing.
- GOOGL+0.30
Challenges what's priced in
- The price assumes
Cloud growth sustaining at or above 40%
The market currently refuses to pay for cloud growth sustaining at or above 40%, so reports of 'soaring' growth support a trajectory the price has previously declined.
What GOOGL's price assumes · Sep 2
