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Alphabet’s Growth Thesis Turns on Diversification Across AI, YouTube, Cloud, and Waymo

A fresh opinion piece contends that multiple revenue engines could propel the company over the next five years.

Overview

  • The Oct. 13 analysis argues Alphabet is moving beyond reliance on search, highlighting YouTube’s ad heft and a strengthening Google Cloud as key contributors.
  • Google Cloud’s latest reported quarter showed revenue of $13.6 billion, up 32%, with $2.8 billion in operating income, as Alphabet lifted its 2025 capex plan by $10 billion to $85 billion to expand data centers and scale TPUs.
  • The commentary cites AI features such as AI Overviews, an AI Mode toggle, Lens, and Circle to Search as evidence of deeper integration that is increasing engagement and commerce-oriented queries.
  • The author points to Waymo’s growing robotaxi presence in Los Angeles and presents it as an early U.S. leader in autonomous ride-hailing.
  • As a counterpoint for investors, the piece notes that Motley Fool Stock Advisor’s current list of 10 recommended stocks does not include Alphabet.