Alphabet: With DOJ Trial Behind Us, Maintain Strong Buy From Here

Alphabet Inc.'s DOJ trial outcome is a major positive, removing a key overhang and requiring only manageable remedies that don't threaten Alphabet Inc.'s core business. Google's valuation remains attractive, trading at market multiples despite superior growth, profitability, and a strong balance sheet with $53bn net cash. Momentum in advertising, YouTube, cloud, and AI (Gemini, quantum) supports further upside, and I expect the valuation gap with Meta to narrow.