When a business hits a rough patch, I always ask one simple question:
Is the problem temporary or terminal?
It’s one of the most important distinctions an investor can make. Let’s rewind to early 2023.
Alphabet’s stock was down nearly 40% from its peak. The financial media was buzzing with fear.
The headlines screamed that Google might lose its default spot on Samsung phones. And OpenAI’s ChatGPT was being hailed as the “Google killer.”
Wall Street panicked.
But after digging deep into the numbers and facts, I saw something very different…
These weren’t terminal problems. They were temporary.
So, in April 2023, while most investors ran for the hills, we added Alphabet (GOOGL) to our American Prosperity Report portfolio at a bargain price. Since then, the stock has soared over 65%.
Now, in mid-2025, Alphabet is once again the target of fear and doubt.
The bears are circling, pointing to antitrust lawsuits, AI competition, and a stock that’s lagged behind Microsoft and Meta this year.
But once again, the market is missing the forest for the trees.
Not a Broken Business — Just a Misunderstood One
Alphabet’s facing scrutiny in both the U.S. and Europe.
It’s been called a monopolist in search and ad tech. Some analysts suggest it break itself up into six smaller companies to “unlock value.”
But here’s what the headlines aren’t telling you…
Alphabet’s core business is still incredibly strong. Despite legal noise, it generated nearly $80 billion in free cash flow over the past year.
And even if regulators force some assets to the chopping block — like parts of the ad-tech division — they aren’t central to Alphabet’s long-term growth.
Meanwhile, AI is the elephant in the room.
Yes, OpenAI’s ChatGPT has grown rapidly.
But Alphabet isn’t sitting still.
According to CEO Sundar Pichai, its Gemini AI platform already draws 350 million monthly users, and AI overviews in Google search are reaching 1.5 billion users a month.
I want you to really let that sink in — 1.5 billion people are already using Google’s AI-powered search every month.
Google isn’t falling behind in AI.
It’s quietly integrating AI into everything — search, maps, cloud, Gmail, and more.
Beyond search and ads, Alphabet owns a treasure chest of underappreciated assets.
Take Waymo, Google’s robotaxi business.
While Tesla is just getting started in Austin, Waymo is already live in multiple cities, and it’s arguably years ahead of the competition.
Some analysts value Waymo at $45 billion alone.
Then there’s Google Cloud, which is growing steadily, and YouTube, which continues to be a cash machine.
Even Google’s in-house AI chips are gaining ground, powering both internal products and its cloud services. And here's the kicker…Mr. Market is offering us a bargain price!
You’re paying bargain-bin prices for a business with fortress-like assets, massive free cash flow, and leadership in one of the most important tech shifts of our lifetime — AI.
So, is Alphabet a terminal case?
Not even close.
What we’re seeing is Mr. Market having another one of his mood swings. And when fear drives prices down, long-term investors like us get a gift.
That’s exactly why, in the American Prosperity Report, our research is showing that Alphabet is still one of the best bargains in Big Tech right now.
It’s unloved… It’s underappreciated… and it’s hiding in plain sight.
But make no mistake — this isn’t some broken business on the ropes.
This is a global powerhouse with unstoppable cash flow, industry dominance, and AI infrastructure that touches over 1.5 billion users every month.
Just like in 2023, when we added it to the portfolio while others were panicking, the real winners will be those with the courage to buy when fear is high and prices are low.
I wouldn’t be surprised if Alphabet (GOOGL) shares trade significantly higher in the years ahead — and reward patient investors with outstanding long-term gains.
If you have questions, you can send them to me at [email protected].
And follow me on X here for daily updates.
Regards,
Charles Mizrahi
Prosperity Insider
