GOOG: A Dirt Cheap Investment Thesis
Introduction
GOOG continues to offer a dirt cheap investment thesis, attributed to its well-diversified advertising/search engine, AI/Cloud, and autonomous driving capabilities. With the giant reporting double-digit growths along with increasingly richer profit margins, we believe that the upgraded consensus estimates appear to be well justified. It also remains (somewhat) on track to achieve the $100B revenue run-rate from YouTube Ads and Google Cloud, based on the estimated annualized sum of $96B by FQ4’24.
Well-diversified Advertising/Search Engine
Being a tech giant, Google’s advertising business is well diversified and dominates a significant portion of the global digital advertising market. With its search engine being the most popular in the world, Google has access to an immense amount of data that it can utilize to target ads effectively, making it a top choice for advertisers looking to reach their target audience.
AI/Cloud Capabilities
Google’s AI capabilities are at the forefront of technological innovation, allowing it to provide personalized services to its users and improve the efficiency of its operations. Additionally, Google Cloud has been rapidly growing and is becoming a major player in the cloud computing market, competing with giants like Amazon and Microsoft.
Autonomous Driving Technology
Google’s autonomous driving technology through its subsidiary Waymo has the potential to revolutionize transportation as we know it. With advancements in self-driving cars, Google could disrupt the automotive industry and create new revenue streams in the future.
Impact on Individuals
For individual investors, GOOG’s dirt cheap investment thesis presents an opportunity to invest in a company with strong growth potential and a diverse revenue stream. With Google’s continued innovation and expansion into new markets, investing in GOOG could yield significant returns in the long run.
Impact on the World
Google’s success and growth have a ripple effect on the world economy and technological advancements. As a leader in AI, cloud computing, and autonomous driving, Google’s innovations drive progress and shape the future of technology. The impact of Google’s continued growth extends beyond just financial gains, influencing how we interact with technology and the world around us.
Conclusion
In conclusion, GOOG’s dirt cheap investment thesis is supported by its well-diversified business model, innovative technologies, and strong growth prospects. As Google continues to expand its reach and influence in the tech industry, investing in GOOG could prove to be a strategic move for individuals looking to capitalize on the company’s success.
