1 Jaw-Dropping Metric That Makes Alphabet Stock a No-Brainer Buy.
Google Cloud is Alphabet's fastest-growing division.
Overview
For Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), I think there's one metric that defines the entire stock: Its cloud computing growth rate. In Q2, Google Cloud revenues grew at an incredible 82% pace. That's about double the pace its cloud computing peers are growing at.
I think this showcases that Alphabet's platform is rising as one of the best available, and if it keeps this growth up, it could push the stock to new heights. I think that adds up to make Alphabet stock a great buy, particularly now, while it's still down by more than 10% from its all-time high.
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Originally published at www.fool.com.
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