#TradFi晒单
Markets are old-school afraid that AI will kill search, but the result is that Google’s Q2 search revenue reached $63.2B, up 17% year over year. And AI summaries actually brought query volume up. Cloud is even more aggressive: $24.7B, up 82%, with backlog piling to $514B. Now the dynamic PE is only just over 13x—within the big players, it’s the cheapest one. Sure, capital expenditures burn, but orders are still there. If the stock drops, I’ll take the opportunity to pick up cheap chips.
Markets are old-school afraid that AI will kill search, but the result is that Google’s Q2 search revenue reached $63.2B, up 17% year over year. And AI summaries actually brought query volume up. Cloud is even more aggressive: $24.7B, up 82%, with backlog piling to $514B. Now the dynamic PE is only just over 13x—within the big players, it’s the cheapest one. Sure, capital expenditures burn, but orders are still there. If the stock drops, I’ll take the opportunity to pick up cheap chips.