AustinFindsAlpha

David Sacks says $GOOG looks oversold here "I'm seeing people post that Alphabet's Google search revenue dropped below 50% of total revenue for the first time, and they're making it sound like that's a catastrophic situation. Basically playing into the narrative that the search business is going to be disrupted by AI. And that's what it seems like on the surface. But when I dug into the numbers, it didn't really seem that bad at all." "It’s true that Google searches' relative share decreased, but its absolute revenue still increased. If you look at Google search revenue year over year, it was still up 12%. It increased from $56 billion to $63 billion. So there's still a roughly $7 billion year over year increase in Google search. Google search is still thriving." "I think you could say it's not growing that fast relative to other businesses, but you're not seeing it deteriorate yet. And the reason why the share fell below 50% is because other Alphabet businesses are simply growing much faster. And the main one is Google Cloud, which basically doubled year over year to $37 billion." "So it's the rise of the Google Cloud business that has made Google search seem like it's on the decline. But I tend to think it's a good thing that Alphabet is now finally getting some of these other businesses to really work and to finally diversify the revenue. Diversifying from search has been something they've wanted to do for a long time. They now have all these other segments, you've got YouTube, you've got G Suite subscriptions." "So in any event, I tend to think Google's a little bit oversold on this news today." Jason: "I just literally bought some shares. So I'm long. I just bought more Google while doing the show. David Friedberg: “Just remember, Alphabet owns 6% of SpaceX and like 15% of Anthropic as well. I think 85% of Waymo.”