The recent first quarter has shown the slowest ad volume growth on record for both Meta and Alphabet, indicating a potential market maturity following robust growth.
Waymo, owned by Alphabet, has provided millions of paid, fully autonomous rides since its public launch in 2020, expanding its service through partnerships.
In a worst-case scenario regarding the ongoing antitrust trial, Barclays analysts warn that a forced divestiture of Chrome could lead to a significant stock drop for Alphabet.
Among the cheap stocks are Alphabet and Taiwan Semiconductor Manufacturing. Both are actually priced cheaper than the broader market, which gives me confidence to label them cheap.