Google (GOOGL) at $305.56: The AI Bet Is Priced In—and Coming Due
Alphabet trades near all-time highs with analysts bullish, but the company's massive $91B annual CapEx spend on AI infrastructure is compressing free cash flow while monetization remains unproven. At a forward P/E of 26.74x and after a 66% rally in 2025, the valuation leaves little room for disappointment.
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