Alphabet Investors Are Still Underestimating Google Cloud
Google Cloud's growth has been heating up, and its acceleration should continue.
Overview
Google Cloud has been one of the most important parts of Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) business. Although online advertising still makes up the majority of total revenue, Google Cloud's revenue and profits have been accelerating quickly.
Those facts are well known among bullish investors, but long-term cloud computing trends and the acceleration of cloud revenue growth rates suggest that the market may still be undervaluing this opportunity.
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Originally published at www.fool.com.
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