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Palantir (PLTR 2.54%) has been one of the best-performing stocks so far this year, with its price more than doubling. Finding stocks that can achieve that is a dream for every investor, and considering the circumstances of Palantir's run-up, nearly any stock could be a candidate for such performance.
The S&P 500 keeps soaring to new highs, making it feel impossible to find a cheap large-cap stock to buy today. This is especially true in technology and artificial intelligence (AI).
Alphabet remains undervalued despite strong fundamentals, with a forward P/E of 19x compared to Microsoft's 37x, and 13.8% YoY revenue growth in Q2. Google Search, which generates 56% of total revenue, is under threat from ChatGPT, but so far continues to grow and monetize effectively. Gemini 2.5 is being aggressively deployed across Google's ecosystem — including YouTube, Android, Search Ads, Photos, and Workspace — to close the AI gap with OpenAI.
For the second quarter, Google saw adjusted earnings per share (EPS) of $2.31 on revenue excluding traffic acquisition costs (TAC) of $81.7 billion. Analysts were anticipating adj.
An Argentine court is forcing Google to pay around $12,500 to a man who was caught in the buff on a Street View camera in his own backyard, according to reports.
Stocks gained on the week as bullish optimism withstood blips of volatility. Alphabet (GOOGL) muscled the first earnings win for the Mag 7, showing notable growth in cloud and ad revenue.
Alphabet Inc.'s AI capex spend of $85 billion for the year is validated by a $106 billion record cloud backlog. Return on investment is completely tangible and visible. Even with strong AI demand, total growth is moderating, and without heavy margin expansion from automation, GOOGL stock's valuation multiples will contract long-term. Management can offset lower-growth risk with buybacks and a dividend strategy.
Lo Toney, Plexo Capital, joins 'Closing Bell' to discuss if the record-setting equity rally can continue, if any in the tech field are separate from the rest and much more.
Jason Thomas, head of global research and investment strategy at Carlyle, examines the level of investment in artificial intelligence among the big tech companies and the significance of that spending on equity and bond markets and the overall US economy.
Alphabet's AI-powered Search sees rising engagement and query depth as AI Mode and multimodal tools gain global momentum.