Alphabet Inc (NASDAQ: GOOGL), the parent company of tech giant Google, has been on a remarkable upward trajectory over the past year, with its stock climbing as much as 40%. However, yesterday’s 8% dip following the latest earnings report has caught the attention of savvy investors.
With the stock still up 30% from the same time last year, this pullback, driven by concerns over cloud revenue growth and increased capital expenditures, might just be the golden entry point many have been waiting for. As we’ll see below, there are several reasons for investors on the sidelines to be excited. Let’s jump in and take a look.
