Alphabet (NASDAQ: GOOGL) put together a notable move on Monday, climbing more than 3% to close at $349.39, even as the broader conversation around artificial intelligence turned fairly cautious over the weekend.
That rally pushed the stock higher, yet one number stands out: Alphabet's price-to-earnings ratio (P/E) has slipped below 20, now at roughly 17.5. For one of the most dominant and profitable technology companies on the planet, that low a valuation looks increasingly difficult to justify.
