Alphabet Stock Is Soaring After Earnings. Is GOOGL Stock a Buy Now?

By Neil Rozenbaum – Jul 25, 2023 at 5:53PM

NASDAQ: GOOGL

Alphabet

Market Cap

$2,132B

Today's Change

(0.23%) $0.39

Current Price

$172.50

Price as of May 31, 2024, 4:00 p.m. ET

Alphabet stock is up 6% after the company reported Q2 earnings. After a lot of skepticism surrounding the company's ability to perform in the age of AI, that all seems to be over right now.

In this video, I will go over Alphabet's (GOOGL 0.23%) (GOOG 0.23%) second-quarter earnings report. The company reported a beat on top and bottom lines tonight and the market is loving it.

*Stock prices used were from the trading day of July 24, 2023. The video was published on July 25, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Microsoft. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.