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Is Now the Time to Buy Alphabet?

Alphabet's AI-driven sales growth may be signaling a turning point for the company's beleaguered stock. Consequently, diluted earnings per share (EPS) soared 22% year over year to 2.31,exceedingWallStreetsconsensusestimateof2.31, exceeding Wall Street's consensus estimate of 2.18. While this growth is impressive, a key reason to consider investing in Alphabet is its success in artificial intelligence (AI). According to CEO Sundar Pichai, Google's search traffic is growing year over year, "and our new AI experiences significantly contributed to this ...