Is Google Parent Company Alphabet Stock Too Cheap to Ignore Right Now?

Alphabet stock plunged after announcing a $200 billion AI spending outlook for 2026, despite strong Q2 earnings with 24% revenue growth and 82% cloud services growth. The company has 950 million Gemini users and is launching new AI products, but investors are concerned about negative free cash flow and continued capex increases without immediate returns. However, Alphabet's diversified business portfolio and lowest-ever P/E ratio may present a buying opportunity for long-term investors.