Alphabet Stock Is Down Today. Now Is the Time to Buy

By Travis Hoium – Jan 31, 2024 at 12:00PM

NASDAQ: GOOG

Alphabet

Market Cap

$2,159B

Today's Change

(9.96%) $15.74

Current Price

$173.69

Price as of April 26, 2024, 4:00 p.m. ET

Investors are finding flaws in earnings, but the long-term growth story for search, YouTube, and the cloud are still intact.

Alphabet's (GOOG 9.96%) (GOOGL 10.22%) stock is down 6% in early trading on Wednesday after fourth-quarter earnings were released. Investors are worried about slowing ad growth and cloud margins, but in this video, Travis Hoium takes a step back and looks at the strong trends for Alphabet's business over the long term.

*Stock prices used were end-of-day prices of Jan. 30, 2024. The video was published on Jan. 31, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.