Alphabet’s Discounted Valuation Is an Antidote to Tariff Risk
- Investors positive on online ads, Alphabet’s cloud business
- Shares have been trading near records ahead of results
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Despite being targeted by Beijing in retaliation to US trade tariffs, Alphabet Inc.’s durable growth and attractive valuation may offer insulation from all the geopolitical uncertainty.
China on Tuesday announced a probe of Alphabet’s Google for alleged antitrust violations. Given the firm’s search services have been unavailable there since 2010, the stock gained 1.9%, after earlier touching an intraday record ahead of results due after the close.