Alphabet Inc. (NASDAQ: GOOGL, GOOG) reported a significant financial performance with $88.3 billion in sales and a net income of $26.3 billion in Q3. The company holds nearly $20 billion in cash and equivalents, with $17.6 billion in free cash flow, positioning it strongly within the tech market.
Alphabet is heavily investing in artificial intelligence, highlighted by its Gemini AI chatbot’s availability and integration, which is expected to enhance online consumer tasks. Additionally, the company is making strides in quantum computing, showcasing its Willow processor that demonstrated a benchmark task completion time significantly faster than traditional supercomputers.
Currently, Alphabet’s shares present a strong investment opportunity, trading at a forward price-to-earnings ratio of 22.7, which is lower than the S&P 500’s ratio of nearly 24.
