$Alphabet(GOOGL.US) After the AI-driven optimism earlier, the stock has been consolidating near higher levels instead of extending aggressively. That suggests expectations are already priced in. On the macro side, cooling inflation and stable yields help mega-cap tech, but liquidity isn’t expanding enough to fuel another sharp multiple expansion. So Google trades more on earnings quality and ad resilience than pure AI hype right now.

@Bridge Buzz SG

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