Alphabet Spends $85 Billion To Build The Future, Wall Street Panics - I Buy

Alphabet Inc. delivered a strong quarter, beating expectations on all fronts, yet the market fixates on $85B capex and misses the underlying quality and growth. I see Alphabet as a rare value: robust cash flow, accelerating cloud and YouTube profitability, and a fortress balance sheet, all trading at a discount. The market's anxiety over high capex is misplaced—these are strategic AI infrastructure investments, not reckless spending, and protect long-term competitiveness.