No. of Recommendations: 3
Anybody besides me and Mr. Market concerned about the slowing growth in search, the dizzying AI spending or the poor capital allocation decisions (SpaceX for example)?
Slowing Growth? Search grew 12% - yes that is much slower than the cloud growth; but its still a very healthy business.
Capital Allocation - they have made a ton of money with their SpaceX investment.
Alphabet's Google initially invested about $900 million in SpaceX in 2015, and its equity stake is valued at approximately $86 billion to $94.1 billion depending on market fluctuations (including holding roughly 551.2 million shares), representing an unrealized gain of over $85 billion from its initial principal,
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