Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.

Alphabet looks like a high-quality business with very strong profitability, but the market is already pricing in a notably high level of expectations. Revenue has grown over recent periods, and along with it gross profit, EBITDA, and operating profit have improved, confirming the resilience of the core monetization model. Operating margin is around 33%, and net margin is nearly 38% — an extremely strong level even for a large technology company. ROE, ROA, and ROI are significantly above sector benchmarks and remain high over the years, which points to good capital quality and efficient use of assets. At the same time, P/E, P/S, P/B, and especially P/FCF are well above the sector median, meaning the valuation already looks expensive relative to current fundamental results. The debt burden is generally moderate on a debt/equity basis, but debt has increased, and the quick ratio is zero, which requires caution when interpreting short-term liquidity. Current liquidity is acceptable, and the cash position is very large, so the balance sheet does not appear strained despite the growth in liabilities. Equity and assets continue to increase, supporting long-term stability, but the pace of growth in debt and liabilities should not be ignored. Dividend yield is practically absent and declining, so the dividend factor does not provide meaningful support to the valuation. Overall, the fundamentals remain strong, but the high absolute valuation and premium to the sector limit the potential for further upward revision. For an investor, this is more of a quality hold story with moderate upside than a clear case of undervaluation.

Alphabet Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, незначительно упал. Медведи в растерянности.

Strong index, slightly down. The bears are confused.

Слабый индекс, значительно вырос. Рынок на стороне быков.

Weak index, significantly up. The market is on the bulls' side.

Слабый индекс, значительно упал. Рынок не поддерживает медведей.

Weak index, significantly down. The market does not support the bears.

Сильный индекс, значительно вырос. Приток средств в лонги на высоком уровне.

Strong index, significantly up. Inflow of funds into longs at a high level.

Сильный индекс, значительно упал. Отток средств из шортов резко увеличился и находится на высоком уровне.

Strong index, significantly down. The outflow of funds from shorts has increased sharply and is at a high level.

Strong profitability and revenue growth support Alphabet, but a high valuation premium and rising debt limit re-rating potential.

Key Points
SpaceX's Starship rocket recently completed its 13th test flight.
It achieved most of its goals and launched new versions of Starlink satellites into space.
But shareholders weren't enthused, as SpaceX's AI spending remains the focus of the company's rising costs.
Space Exploration Technologies (NASDAQ: SPCX) recently completed the 13th test flight of its large Starship rocket, and by the company's own accounts, it was mostly successful. Even with the rocket completing many of its objectives -- including a soft splashdown in the Indian Ocean and the release of Starlink satellites -- investors weren't wowed.
In the first trading session following the launch, SpaceX stock was down by more than 4%.
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So, why aren't shareholders pleased with the results? It's likely because SpaceX is spending billions of dollars to build its artificial intelligence infrastructure -- and they're worried it won't pay off.
Why a successful launch isn't enough for investors
Starship is an important part of SpaceX's future because the world's largest rocket could help the company eventually reduce the cost of reaching orbit by 99% compared to the historical average launch cost.
Starship will be used to launch payloads into space for customers and, as the test flight showed, send more Starlink satellites into space. Starlink is critical to SpaceX's growth, as the satellite internet service is SpaceX's biggest revenue driver. Starlink sales were about $3.2 billion in Q1 2026.
But some shareholders likely looked past the successful Starship test because SpaceX is more than just a rocket company, and its spending on its artificial intelligence projects is sky-high.
In the first quarter, 76% of SpaceX's $10 billion in capital expenditure (capex) was allocated to its AI programs, primarily for data center infrastructure. Not only is that a large percentage of total spending, but overall capex spending is accelerating at the company.
In 2025, SpaceX's total capex was $20.7 billion, meaning that in the first quarter of this year, the company had already spent about half of all of last year's total.
Investors are increasingly skeptical that the billions of dollars being spent on AI infrastructure will ultimately pay off for SpaceX and other tech companies. Profits from massive AI spending have been hard to come by, and it's erasing much of the free cash flow that large tech companies are used to generating.
One recent example is Alphabet, whose share price has fallen as investors focused on the fact that its free cash flow was negative $5.9 billion in the first quarter -- its first negative free cash flow since going public in 2004.
SpaceX is worse off because, unlike Alphabet, the company isn't profitable. And investors are skeptical that it'll be profitable any time soon with all its AI spending underway.
It's not the time to buy SpaceX yet
Potential SpaceX investors aren't wrong to be skeptical of SpaceX's spending, and current shareholders are right to be concerned.
The company shows no signs of slowing down its AI investments, and another Musk-led company, Tesla, just reported negative free cash flow for the first time in more than two years. Investors punished Tesla's shares for the decline.
Rockets, satellite internet, and AI business aren't cheap, of course, but I don't think investors are going to give up their aversion to AI overspending any time soon. As long as the spending is high and profits are low, it's likely SpaceX's stock could struggle to gain traction.
What's more, SpaceX shares already trade at a premium. The stock's price-to-sales (P/S) ratio is about 77 right now, compared to the tech sector average P/S ratio of 7.
Owning some AI stocks can be a smart move, but investors may want to focus on more profitable companies right now. The AI spending boom isn't slowing down any time soon, but that doesn't mean shareholders have to own shares of an AI company that's miles away from profitability and spending too much on AI bets that may not pay off.
Should you buy stock in Space Exploration Technologies right now?
Before you buy stock in Space Exploration Technologies, consider this:
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Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Even a Successful Starship Launch Wasn't Enough to Lift SpaceX Stock. Investors Are Still Worried About This 1 Thing

Key Points
Alphabet grew revenue by 24% year over year in the second quarter, including an 82% increase in cloud services revenue.
There are now 950 million people engaging with the Gemini app every month.
Capital expenditures in the second quarter sent free cash flow into the negative.
Even the most enthusiastic artificial intelligence (AI) bulls seem to be putting on the brakes recently. Investors are starting to realize that more and more money is being poured into AI development, and the results remain to be seen.
Exhibit No. 1 this week is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). The Google parent company surprised and worried the market when it raised its AI spend outlook for the year to $200 billion at the midpoint for 2026. That jaw-dropping figure sent Alphabet stock plunging, despite what was a fantastic report, to its lowest P/E ratio ever.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
At just over 16 times trailing-12-month earnings, is Alphabet stock too cheap to ignore?
Everything that's going right
When OpenAI first launched ChatGPT nearly four years ago, the market was concerned that Google would lose out as people migrated over to its platform and abandoned Google's search engine. With 90% dominance in search, Google seemed incredibly vulnerable.
However, the company capitalized on its lead by integrating AI into its platform, offering a wide range of options for search users, including quick AI results and AI mode. Not only did ChatGPT not render it obsolete, but Alphabet quickly pivoted and became an AI powerhouse.
Today, hundreds of millions of people worldwide engage with Gemini, the company's large language model (LLM), in many forms, and the second-quarter results were chock-full of great news about its growth. There are now 950 million monthly active users of Gemini, which is a significant percentage of the global population.
Alphabet is launching a torrent of new products, like the recent rollout of Omni video creator, which launched in May and already has a 40% increase in its user base, and Antigravity 2.0, an agentic AI developer, which launched in May and has 2.4 million weekly active users.
These AI upgrades are in addition to the full Alphabet ecosystem, which includes a wide range of top businesses such as Google Search, YouTube, and Android. Total second-quarter revenue was up 24% year over year, including an 82% increase in cloud services revenue. Operating income increased 30%, and operating margin expanded by two percentage points to 34%.
What's going wrong
Alphabet is well-positioned to sustain its growth, but if its main opportunities lie in AI, it needs to invest to stay competitive. That's why it continues to raise its capital expenditure (capex) outlook, in line with most of its peers. It spent nearly $45 billion in the second quarter, double last year's spend, and posted negative free cash flow. Management raised its full-year spend outlook to $195 billion to $205 billion.
The market is losing patience with the ever-increasing capex spend when it's not backed up by available cash. There's a lot at stake, and the results might be a long time in coming; management is guiding for spending to increase further in 2027.
Alphabet is backed up by a range of successful, money-making businesses and is far from an unprofitable AI start-up. The stock is already ticking slightly higher as investors see the bargain here. It may be a slow road to recovery, but long-term investors can scoop up a bargain.
Should you buy stock in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $390,394!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,209,184!*
Now, it’s worth noting Stock Advisor’s total average return is 899% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Google Parent Company Alphabet Stock Too Cheap to Ignore Right Now?

Key Points
Tesla's sales were strong in the second quarter, and the company topped $100 billion in trailing-12-month revenue for the first time.
The stock tumbled amid shrinking margins, negative cash flow, and rising capex.
Tesla also plans to borrow up to $30 billion this year.
Think you're having a rough summer? At least you haven't lost $300 billion like Tesla (NASDAQ: TSLA) CEO Elon Musk.
Musk made history this year when his other mammoth company, Space Exploration Technologies, went public, pushing Musk's personal wealth to more than $1 trillion. He became the first -- and only -- trillionaire in recorded history.
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But it didn't last. SpaceX stock has fallen below its initial public offering price, and Tesla is hemorrhaging value following the company's second-quarter earnings report. Even though Tesla reported strong revenue -- and posted more than $100 billion in trailing-12-month sales for the first time -- the stock fell by 18% in a single week after July 22 earnings, its worst one-week performance since 2022.
How extensive is Musk's loss? According to the Bloomberg Billionaires Index, his net worth is now $709 billion. Musk lost more money in the last six weeks than anyone else on the list even possesses. (No. 2 on the list is Larry Page, the co-founder of Alphabet, with a net worth of $281 billion.) Musk acknowledged this loss in a social media post on X, simply writing, "(Former) Trillionaire."
Let's see why the market has turned on Tesla stock despite its strong revenue growth.
The red flags surrounding Tesla now
Tesla's primary business is electric vehicles -- the company delivered 480,126 of them in the second quarter, up 25% from a year ago, and that resulted in most of Tesla's $28.23 billion revenue. Tesla said EV sales brought in $20.51 billion, up 23%.
The big problem, however, was Tesla's dwindling margins. Operating margins fell from 4.1% a year ago to just 1.4% in the second quarter of this year. Operating expenses jumped 47%, to $4.35 billion. Tesla reported negative free cash flow of $1.1 billion in the quarter, and its cash and investments dropped by $1.2 billion.
Capital expenditures more than doubled sequentially, according to CFO Vaibhav Taneja, and the company expects them to continue increasing in the second half of the year. Tesla issued guidance for $25 billion in capex spending for the year and announced plans to borrow up to $30 billion.
The market reacts
Undoubtedly, Tesla has huge plans that require enormous investment. Artificial intelligence is essential for Tesla's biggest bets, including self-driving technology and the Optimus robot line. The company is running early versions of its v15 autonomous driving software in robotaxis, but it's unclear when the technology will be ready for nationwide rollout -- or if regulators will sign off on it.
Meanwhile, Tesla is making room for Optimus robot production by discontinuing manufacturing lines at its Fremont, California, factory for Model S and X vehicles. Robots built on that line will be used for further training and development of the hardware and AI software, the company has said, but the technology appears to be a long way from commercial sales.
Tesla has always been priced for perfection, with a high forward price-to-earnings ratio that, even after a drop, still registers at an eye-watering 170. Investors have long been willing to buy and hold Tesla stock based on Musk's vision. But with dwindling margins, negative cash flow, doggedly high spending, and plans to borrow $30 billion, the shine appears to be coming off Tesla stock this summer.
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Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tesla Stock Suffered Its Worst Week Since 2022, Falling 18% as Investors Balked at Elon Musk's Robotaxi and AI Spending Plans

Key Points
Oklo is still building its first Aurora power house.
It's a long way from generating any revenue, let alone profits.
NextEra Energy has visible nuclear-powered earnings growth on the horizon.
Oklo (NYSE: OKLO) got off to a fast start. The small modular nuclear reactor (SMR) developer began trading on the New York Stock Exchange in May 2024 at around $10 per share and rocketed to nearly $175 per share by October 2025. Unfortunately, it has been all downhill from there. Shares currently sit more than 75% below their peak.
While I like a good bargain, I'm still not buying this nuclear energy stock. Here's why and the one I'm buying instead.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Lots of promise, but it hasn't delivered yet
Oklo is developing fast fission power plants that could eventually produce clean, reliable, and affordable energy at scale. It has secured a couple of major customers. In 2024, it formed a landmark strategic relationship with the privately held data center operator Switch to deploy 12 gigawatts (GW) of advanced nuclear power, in one of the largest corporate clean power agreements ever signed. Oklo also signed an agreement with Meta Platforms earlier this year to support 1.2 GW of nuclear energy developments in Ohio. These deals will help the tech companies secure the power they need in the AI age.
However, my issue with Oklo is that it currently isn't producing any power. Oklo is building its first Aurora powerhouse at the Idaho National Laboratory, which won't be operational until late 2027 to early 2028. Meanwhile, it expects to start construction on the first phase of its much larger-scale Aurora powerhouse in Ohio later this year, putting it on track to bring that phase online as early as 2030, with full completion targeted by 2034.
As a result, Oklo isn't generating any revenue yet. Meanwhile, its spending will grow as it advances construction on its Ohio project. That means it's a long way from making money, making it a very risky stock.
A much lower-risk way to cash in on the nuclear resurgence
While Oklo has a lot of promise, it's a long way from delivering results. On the other hand, NextEra Energy (NYSE: NEE) is already ahead of it in capitalizing on the surge in nuclear energy demand. The utility is a leader in clean power, including nuclear. It currently operates seven units across four locations that generate more than 6 GW of reliable, emissions-free power.
Last October, NextEra signed a deal with Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) Google to accelerate nuclear energy deployment in the U.S. As part of that collaboration, NextEra will restart the dormant Duane Arnold Energy Center in Iowa. Google signed a 25-year deal to buy most of the power from that 615-megawatt facility when it resumes operations in the first quarter of 2029. NextEra expects the facility to contribute up to $0.16 per share in annual earnings over its first decade, a meaningful boost for a company that expects to generate $3.63 to $4.00 per share in earnings this year. The companies also expect to explore the development of new nuclear generation in the country.
Already profitable with nuclear-powered growth
Oklo is years away from turning a profit, assuming everything goes according to plan. Contrast that with NextEra Energy, which is already making money. It has visible nuclear-powered growth from Duane Arnold and its pending merger with Dominion, which will make it the country's second-largest producer. That lower risk upside exposure makes it the best nuclear stock to buy.
Should you buy stock in Oklo right now?
Before you buy stock in Oklo, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Oklo wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $390,394!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,209,184!*
Now, it’s worth noting Stock Advisor’s total average return is 899% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Matt DiLallo has positions in Alphabet, Meta Platforms, and NextEra Energy and has the following options: long December 2028 $650 calls on Meta Platforms and short December 2028 $660 calls on Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and NextEra Energy. The Motley Fool recommends Dominion Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Oklo Is Down Over 75% From Its High. It's Still Not the Best Nuclear Stock to Buy.

Key Points
Meta's core advertising business is delivering strong growth.
The stock trades at a P/E ratio of just 19.
Meta looks poised to launch a cloud computing business.
Meta Platforms (NASDAQ: META) is due to report earnings after the market closes today, July 29. The stock has been under pressure lately, falling nine sessions in a row, indicating skepticism about the company's capital expenditure plans, which tracks with a sell-off in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock after that company reported negative free cash flow for the first time ever last week.
However, I think Meta is poised to pop after the earnings report. Here are three reasons why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
1. The digital advertising market remains strong
Meta earns nearly all of its revenue from advertising. Despite the pearl-clutching over its capex spending and the losses in reality labs, its ad business continues to deliver brisk growth, driving overall revenue up 33% in the first quarter.
Alphabet reported 14% growth in advertising revenue in the second quarter, and a report from media platform Skai said paid social ad spend was up 26% in the same period, a bullish sign for Meta. Meta has been gaining market share on Google for years, and that likely continued in the second quarter. In fact, its ad revenue could soon surpass that from Google Search.
Another round of strong ad growth should help reassure investors, showing that the core business is executing at a high level.
2. The stock is cheap
Meta has historically traded at a low earnings multiple and been undervalued for its growth rate.
However, the stock looks especially cheap now, trading at a price-to-earnings ratio of just 19 after adjusting for one-time tax penalties and benefits, a roughly 30% discount to the S&P 500, which trades at a price-to-earnings ratio of 26.
After the nine-day slide over the last two weeks, the stock looks oversold. It's rare for a company growing revenue by 33%, especially one with Meta's competitive advantages, to be trading at just 19 times earnings.
3. It could announce a cloud computing business
The buzz is building around a Meta cloud computing business. CEO Mark Zuckerberg said weeks ago that offering cloud computing services is "definitely on the table," and that his company receives weekly requests from potential customers.
Following that comment, Bloomberg reported that the company is planning a cloud business to sell AI computing power. Earlier in July, The Wall Street Journal said that Meta was hiring a top executive at Amazon's cloud business, another strong indicator of its cloud ambitions.
Launching a cloud business seems like a no-brainer for the company. Cloud revenue growth is accelerating among its hyperscaler peers, as Google Cloud just reported 82% revenue growth, and a cloud business would give Meta a way to monetize the billions it's spending on AI infrastructure.
Meta has yet to make a formal announcement about its cloud business, but it could come in its Q2 earnings report. Investors are likely to cheer the news.
Should you buy stock in Meta Platforms right now?
Before you buy stock in Meta Platforms, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $390,394!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,209,184!*
Now, it’s worth noting Stock Advisor’s total average return is 899% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 29, 2026.
Jeremy Bowman has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, and Meta Platforms. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prediction: Meta Stock Will Pop After Q2 Earnings. 3 Reasons Why

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco NASDAQ 100 ETF (Symbol: QQQM) where we have detected an approximate $467.3 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 340,430,000 to 342,110,000). Among the largest underlying components of QQQM, in trading today Alphabet Inc (Symbol: GOOG) is down about 0.4%, Linde PLC (Symbol: LIN) is off about 0.3%, and Space Exploration Technologies Corp (Symbol: SPCX) is lower by about 2.5%. For a complete list of holdings, visit the QQQM Holdings page » The chart below shows the one year price performance of QQQM, versus its 200 day moving average:
Looking at the chart above, QQQM's low point in its 52 week range is $227 per share, with $308.21 as the 52 week high point — that compares with a last trade of $274.50. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further QQQM Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: QQQM, GOOG, LIN, SPCX

Key Points
Tim Cook has successfully guided Apple to become the largest company on the planet.
While Apple has a great business model, its valuation has gotten frothy.
Longtime Apple (NASDAQ: AAPL) CEO Tim Cook will host his finalearnings conference callafter the bell on Thursday, July 30. While Cook was not the same type of innovator as his predecessor, Apple founder and legendary CEO Steve Jobs, he did a great job of nurturing Apple's core strengths. He will leave as Apple is the largest company in the world, with a market cap of $5 trillion. The question, though, is whether the stock is still a buy with him ready to depart.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Apple has a great business
When Apple reports its fiscal third-quarter results, investors should expect much of the same. iPhone sales should be solid, with the company reportedly seeing a 3% increase in shipments during the quarter and gaining its highest-everglobal marketshare at 20%, according to Centerpoint Research. This should then feed into its high-margin service revenue, which has consistently grown at a mid-teen rate.
Cook leaves Apple as having one of the best business models on the planet, making it easy for its next CEO to get off to a running start. The beauty of Apple is its closed ecosystem, which helps lock in customers. Once someone buys an iPhone, the cost of switching becomes increasingly difficult with each photo taken, subscription bought, and app downloaded. Users then become a part of Apple's huge service revenue machine. Apple is getting a high-margin revenue stream every time someone clicks on a search ad (as it gets a 36% revenue cut from Alphabet's Google), uses Apple Pay, buys cloud storage, or purchases a subscription or app.
Meanwhile, Apple just increased prices for several devices and certain service plans. This should be a nice revenue driver in the coming quarters after Cook leaves, giving incoming CEO John Ternus a solid revenue tailwind as he takes the reins. Ternus will also have time to execute a more comprehensive AI strategy for the company. That said, I wouldn't be surprised if Cook's decision to sit back and not throw huge amounts of money into chasing AI models proves to be a smart one.
Is Apple stock a buy?
While I think Apple is one of the best companies in the world, I would not be buying the stock right now. The stock's valuation has expanded dramatically, and it now has a forward price-to-earnings (P/E) ratio of over 35 times. Its trailing P/E of 41 times is now more than double the multiple it traded at before the pandemic. Meanwhile, it could face some margin pressure from increasing memory prices.
Given that valuation still matters, I'd wait for a better entry point before considering buying the stock.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 899%* — a market-crushing outperformance compared to 206% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of July 29, 2026.
Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tim Cook Will Host His Last Earnings Call as Apple CEO on July 30. Is the Stock a Buy Now?

Key Points
AI chatbots are thriving right now, but that could change.
Many companies are considering blocking AI traffic, and some have also launched lawsuits due to AI summaries.
Alphabet has shown that it can adapt quickly to changing industry conditions.
Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) has transformed artificial intelligence (AI) from a threat into a huge growth opportunity for its business. The market initially overreacted, believing that AI would hurt Alphabet's business and diminish the need for Google Search. Instead, however, Alphabet has incorporated AI into its results with AI overviews providing users with quicker access to answers.
The strategy has worked tremendously well, with Alphabet's revenue continuing to soar even as use of AI chatbots has increased. But while it's been effective thus far, it does come with significant risks and could end up backfiring.
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It's still the wild west out there for AI
Whenever there's a new technology, it takes a while for regulators and the rest of the world to catch up. AI chatbots have been trained, controversially, on copyrighted content and on all sorts of data and information they perhaps shouldn't have had access to. Alphabet has reached agreements with sites to train its AI on their data, including with Reddit, but whether that will prove to be sufficient is debatable, especially if content producers experience significant losses in search traffic, and thus ad revenue and subscriptions.
There are a couple of potentially problematic issues for Alphabet here. First, publishers may end up blocking content from AI chatbots (and many have already gone this route). If that were to happen on a wide scale, Alphabet's Gemini and other chatbots would be limited going forward, potentially becoming sources of stale, outdated information. Secondly, there's the possible antitrust risk that it creates. Last year, Penske Media, which owns Rolling Stone, filed a lawsuit against Google over AI-generated summaries.
Either one of these issues could cause problems for Alphabet's AI strategy, potentially even leading to greater competition down the road, from search engines that work more closely with content producers and publishers.
Alphabet's adaptability is a huge reason why the stock is an excellent long-term buy
I do think, over time, Google Search will change to adapt to the evolution of AI, as the status quo doesn't seem sustainable: websites are experiencing significant declines in traffic while AI queries are rising. If major websites shut down due to declining traffic, AI could conceivably have no new data to pull from. It's an extreme scenario, but it's also why I don't think the current situation is tenable.
Regardless of what happens, one thing Alphabet has shown is its high adaptability. Due to its strong assets and deep financial resources, it can and will adapt to changing industry conditions, which is why it can make for an excellent long-term investment to hang on to. While some AI stocks may not survive in the long run, Alphabet is among the safer options for investors to consider.
Should you buy stock in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,206,116!*
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*Stock Advisor returns as of July 29, 2026.
David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Reddit. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Alphabet's AI Strategy Could Backfire

Key Points
SpaceX will report its first earnings as a publicly traded company on Tuesday, Aug. 4.
Some insiders will be allowed to sell their shares after the report, potentially putting even more downward pressure on the SpaceX stock price.
With where the stock is trading, it could be an entry point, according to one analyst.
As of early-morning trading on July 27, the Space Exploration Technologies (NASDAQ: SPCX) stock price was trading below $110 per share. As it opened at $150 when it began trading to the public on June 12, this may not be the early result some shareholders were expecting.
With SpaceX set to report 2026 second-quarter earnings on Aug. 4, there's concern that some insiders may sell their shares, putting more downward pressure on the stock price. If SpaceX's stock price were to fall to $100, however, one analyst has a warning about what that would represent.
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Is SpaceX oversold?
In a note shared by Bloomberg, Morgan Stanley analyst Adam Jonas wrote to clients about a disconnect between investing sentiment around SpaceX and its fundamentals. And if the SpaceX stock price falls below $100 per share, it may be a warning that investors are undervaluing, or not valuing at all, SpaceX's artificial intelligence (AI) efforts.
"Most investors we speak with significantly discount Grok & Cursor," Jonas wrote in the note. "Many ascribe zero or even negative value for AI given the high capex requirements relative to Space & Connectivity, largely uncertain economics, and the high degree of management time devoted to the business."
Grok is an AI chatbot that was formerly a part of one of Elon Musk's other companies, xAI, which SpaceX acquired in February. To bolster its AI capabilities even further, SpaceX entered into a definitive agreement to acquire Cursor, an AI coding and software platform, in an all-stock transaction valued at $60 billion. The deal is expected to close in the third quarter of this year.
With where the stock is trading, Jonas added in his note that, "We see the current valuation as an attractive entry point."
The upside and risks ahead
According to Bloomberg data, 80% of analysts covering the company recommend buying shares. And with an average price target of $232, that suggests SpaceX may indeed be undervalued.
In addition to Grok and Cursor, SpaceX is also building out AI infrastructure assets, which are helping the company generate revenue as it scales up its broader plans. Anthropic, Alphabet, and Reflection AI are all renting compute capacity from SpaceX, with the deals from just Anthropic and Alphabet potentially generating a combined $26 billion annually for SpaceX. Eventually, SpaceX plans to launch data centers in space, furthering its ability to become a leader in AI infrastructure.
Of course, the risks are plentiful.
SpaceX's orbital data centers aren't expected to start launching until 2028, and it will need to spend aggressively to commercialize AI infrastructure in space.
It already is, as its AI division is easily its most capital-intensive. SpaceX spent $12.7 billion in 2025 on its AI segment, compared to $3.8 billion on the space segment and $4.1 billion on its connectivity division. For the first quarter of 2026, capital expenditures for the AI segment were already $7.7 billion.
For what's ahead, especially depending on the second-quarter results and how many insider shares are ultimately sold, the stock price could continue to drop. The upside is certainly there, but this is still a stock meant for more aggressive investors who can handle the jarring dips in exchange for potential long-term rewards.
Should you buy stock in Space Exploration Technologies right now?
Before you buy stock in Space Exploration Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,206,116!*
Now, it’s worth noting Stock Advisor’s total average return is 886% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 29, 2026.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

If SpaceX Stock Falls Below $100, One Analyst Shares This Warning

Key Points
Investors have been concerned about rising oil prices, AI spending, and a richly valued market.
Apple's cautious approach to AI is paying off as it focuses its resources on its hot-selling iPhones.
Nvidia's products are deeply embedded in the hyperscaler building boom.
The "Magnificent Seven" are a group of the world's largest tech stocks. Because they have become the predominant winners in the market during the past decade or so, all of the largest companies in the world are tech stocks. The first large company that isn't, drugmaker Ely Lilly, is the ninth most-valuable company in the world.
The Magnificent Seven, in order of value as of this writing, include Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Alphabet, Microsoft, Amazon, Meta Platforms, and Tesla. Today, Broadcom and Space Exploration Technologies are both larger than Tesla by market cap.
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These companies, which are all artificial intelligence (AI) stocks, have soared to their current rankings due to rapid growth, much of which is recently associated with the explosion of AI. However, only two of them were beating the S&P 500 as of this writing: Apple and Nvidia.
Is this an ominous warning about what's happening in the markets?
Is the S&P 500 hitting new highs?
This is the fourth straight year that the S&P 500 is showing a gain. It's not uncommon for the market to remain in bull territory for four years in a row, and during the past 25 years -- since it recovered from the dot-com bubble -- it has lost value only four times annually.
As of this writing, the S&P 500 is up about 8% year to date. However, it's off its record high, and it has been little changed during the past two months.
Investors have been worried about high oil prices due to the Iran war, AI spending, and a richly valued stock market. Oil prices have been up and down since the war started in February, and that volatility has the market concerned about longer-term effects.
Higher oil prices can trickle down to higher prices in nearly every industry, since many companies rely on oil for production, and they have to pass along higher costs to consumers.
As for AI spending, Amazon stock has borne the brunt of the market's worries about it for the past few months. However, Alphabet's recent announcement about its own capital expenditure forecast, which topped Amazon's outlook at $205 billion, sent its stock down as well. In fact, Alphabet stock had been beating the market as well until the announcement. But all of the large companies have been spending quite freely, and that's worrying investors.
Lastly, investors also recognize that the market is heading toward its highest-ever valuation. The price-to-earnings ratio (P/E) is the standard valuation metric for most companies, but it has its drawbacks. It's unusable for companies that aren't profitable, and it doesn't account for anomalies, such as tax-advantaged or disadvantaged profits, one-time deviations, and inflation that distorts historical averages.
The cyclically adjusted P/E ratio, or CAPE ratio, was developed to account for most of these irregularities, and today, it stands at 41. Not only is that its second-highest figure ever since the metric was created, but it's also more than double the historical average of 17.8.
Why Nvidia and Apple are beating the market
Nvidia and Apple have both been up and down this year, but the market may see certain advantages in these stocks, the two most valuable companies in the world, as valuations rise and volatility increases. Many of the hottest AI stocks have begun to falter as fantastic gains outpace fundamental performance.
For example, chipmaker Sandisk continues to demonstrate phenomenal performance, but its P/E ratio has expanded as well, implying that stock growth is exceeding earnings growth. Many of the AI-adjacent stocks are in the same boat, and many have headed down recently.
Apple, on the other hand, laid low as AI exploded, and its cautious approach to AI development has proved to be savvy. Its iPhone remains the backbone of the company as it continues to be a hot seller, again proving that investing in its hardware, the known entity, rather than costly AI, was the right move.
Nvidia, at the same time, remains at the epicenter of the AI revolution for a number of reasons. It controls as much as 90% of the AI chip market, and it's deeply embedded in hyperscaler AI construction, so it is picking up a nice chunk of the spending.
In times like these, investors tend to head toward the safe stocks that can withstand market volatility, and Apple and Nvidia might fit the bill for many.
Should you buy stock in Apple right now?
Before you buy stock in Apple, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,206,116!*
Now, it’s worth noting Stock Advisor’s total average return is 886% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 29, 2026.
Jennifer Saibil has positions in Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Broadcom, Eli Lilly, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.