$Alphabet(GOOG)$ Google currently has 46 data centers under construction globally. I know, it's mind blowing. 14 of these projects are in Texas, where the governor elect has said specifically that if a project has been approved, it can continue to completion. The pushback against DC construction isn't an extinction level event. Future projects will need to be more considerate, and some will need new locations if water is an issue, but the market reacting as if all DC construction will stop tomorrow is ridiculous. Google is in a good spot.
$Alphabet(GOOG)$ Bullish move to bounce back from the 52-week low test at 271.41 to 276. Let's see if it tests that level again, but I would hope the dead cat bounce plays out toward 290+ next, and then we come back down again before finally sitting at or above 300 by late December or January. Let's see.
$Alphabet(GOOG)$ Futures are green and Asian markets aren't continuing the sell-off. There's a real chance we're starting the year-end rebound now. Will be interesting to see where GOOGL sits once Anthropic enters the market. Could touch 300 by the end of the year.
$Alphabet(GOOGL)$ This week could see some real movement. Overnight news has been positive and futures are green so far. Reclaiming $300 looks very possible.
$SPDR S&P 500 ETF Trust(SPY)$ I've mostly been buying commons and selling calls over the past two years. But if $Alphabet(GOOGL)$ opens below 280, I'd probably make an exception and pick up some late-January ATM calls.
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ Gemini gives you more usage for free. OpenAI and Anthropic take a different approach. Once you start a complex task or ask a few detailed questions, their high compute costs force them to restrict your access. You hit a hard wall, and they prompt you to pay $20/month to continue working. Right now, keeping Gemini free, fast, and feature-rich, without users needing to pay $19.99 a month, seems like a competitive advantage. And Google plans to flip its massive, unmatched advertising switch to monetize those surfaces completely. Google will quickly fix the monetization gap by rolling out global ads directly inside AI Overviews and
$Alphabet(GOOGL)$ Google lost roughly $500B in market cap on a messy 3Q26 print, driven by Search growth worries, big CapEx commitments, and a $1.6B Google Services income shortfall. Search revenue still grew y/y. It fell short of analyst consensus, but it did grow. Engagement even accelerated, with query growth hitting its highest level in 5 years as AI features drove usage. Monetization may be lagging traffic growth, but this surge directly undercuts the structural argument that AI will disrupt core Search. Negative FCF feels like it's already priced into hyperscalers at this point. Aggressive infrastructure buildouts are non-discretionary. The whole objective is customer lock-in and ecosystem scale ahead of competitors. Google has committ