GOOG Analysis
GOOG is dropping despite record profits.
Q2 2026:
- Net income hit $112B, a US record
- Revenue up 24%
- Google Cloud up 82%
- Margins at 34%
But $98B of that is just unrealized gains on investments (e.g., Anthropic, SpaceX), not real cash. Free Cash Flow is negative 1st time in its history.
A time to buy?
Patience grasshopper. Cycles indicate a good opportunity to buy or add shares will present itself in a few months
