Cloud backlog growth vs market valuation
According to 24/7 Wall St., Alphabet's $514 billion Cloud backlog is larger than its entire 2025 revenue base.
According to 24/7 Wall St., Alphabet trades at a trailing P/E of just 17 despite Cloud growing 82% YoY. According to 24/7 Wall St., MSFT and META trade at P/Es of 28 and 24 respectively.
The Biggest Catalyst for Alphabet Stock May Not Be Search - 24/7 Wall St.Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six - 24/7 Wall St.