In this episode, we break down Alphabet’s massive metamorphosis:
The Hegemony: How Google Cloud’s 31.6% operating margin signals a shift from “Digital Landlord” to “AI Tax Collector.”
The Gamble: Analyzing the unprecedented $185 billion CapEx projection for 2026—an industrial mobilization unlike anything in corporate history.
The Iron Shield: Why Larry Page and Sergey Brin’s 52.1% voting control is the essential prerequisite for this generational bet.
Valuation Crossroads: Reconciling the $271 intrinsic value with the current market price through the lens of a Sell Put strategy.
