Alphabet (GOOGL) shares are facing pressure from broader macroeconomic headwinds and rising Treasury yields, despite strong fundamental growth in its cloud and AI sectors. Analysts highlight that the company remains undervalued due to its competitive positioning and recent technological innovations.
- Alphabet (GOOGL) is trading at $302.34 in pre-market, down 0.33% from the $303.33 close on February 18.
- Google Cloud saw 48% year-over-year growth, bolstered by AI innovations like Google Genie which continue to drive long-term value.
- Macroeconomic concerns, including hawkish Federal Reserve guidance and tariffs reaching a 13% high, are currently overshadowing the company's strong fundamentals.