Business & Economy · 5 views
Alphabet just had its worst day as a public company. BofA now values Google search at a lower multiple than fossil fuel stocks
Google search, the business that paid for two decades of Alphabet’s ambitions, is now valued at about 10 times earnings, by Bank of America’s count. The S&P 500 trades at 18.7x forward earnings, according to FactSet .
Summary
Google search, the business that paid for two decades of Alphabet’s ambitions, is now valued at about 10 times earnings, by Bank of America’s count. The S&P 500 trades at 18.7x forward earnings, according to FactSet . Energy, the market’s cheapest sector, trades at 13x. That math pummeled the stock Thursday.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedCoverage Context
More from Business & Economy
Continue reading recent Business & Economy coverage
- Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall StreetContinue reading
- Amazon’s stock drops — even in the face of a bold new cloud forecastContinue reading
- Binance 'potential security issue' sees $2.54 billion frozen by the likes of Circle, TetherContinue reading
- Amazon CEO says shopping agents like Meta’s Muse ‘not great’Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow