$Alphabet(GOOG)$ $Alphabet(GOOGL)$ Amazing the 30% growth in Cloud is concerning since it’s a 44 billion dollar revenue business. Moderation from 35% to 30% was attributed to supply issues which is exactly what $Microsoft(MSFT)$ stated when its Cloud business missed forecast at around the same number.

The 17.5% operating margins is about half of what AWS generates and 40% of Azure which shows enormous growth potential. The fair value is stated at $154.65 which at the current $8.07 earnings per share equates to 19.1 x trailing earnings or 16.9x current forecasted earnings. Alphabet historically trades at 25 X EPS which is still the lowest of the Mag 7 so fair value could be considered to be about $227.50 or around $37.50 believe expected opening price.

When you compare PE to $Apple(AAPL)$ at 31X or Microsoft at 33x or $Amazon.com(AMZN)$ at 40x or $Tesla Motors(TSLA)$ at 160x none appear yo be growing faster with the possible exception of Amazon which hasn't reported as yet. It would seem that the market may have overreacted presenting yet another opportunity for a favorable entry point