COMMUNICATION SERVICES

Alphabet Inc. (Class A)

TickerGOGLListingNASDAQ: GOOGLPortfolio weight9.7%As ofOctober 28, 2026

FINANCIAL OVERVIEW

What it is and why we own it.

The business

The parent company of Google. Its main engines are Google Search and YouTube (advertising), Google Cloud (infrastructure, data and AI services) and subscriptions and devices, plus early-stage businesses such as Waymo. Its Gemini AI models are being built into Search, Cloud and its consumer products.

Role in the portfolio

Core growth holding with exposure to digital advertising, cloud computing and AI, supported by strong free cash flow and a conservative balance sheet.

What drives the numbers

Search and YouTube advertising growth, including how AI features affect monetisation
Google Cloud revenue growth and operating margin
Capital expenditure on AI infrastructure and its effect on free cash flow
Progress at Waymo and the other long-term bets

Key risks

Antitrust and regulatory remedies affecting search distribution and advertising technology
AI-native competitors could change how people search
Heavy data-centre spending

CHART

Price and technical analysis.

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Technical summary

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Company profile

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FUNDAMENTALS

Financials, live.

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