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Analyst upgrades Amazon to Hold, reaffirms Buy on Alphabet despite Q3 AI concerns.

Analyst Insights
04 Nov 2026, 14:52 WIB
Seeking Alpha
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Bullish
Analyst upgrades Amazon to Hold, reaffirms Buy on Alphabet despite Q3 AI concerns.

An analyst maintains a Buy rating on Alphabet, viewing the recent Q3 stock pullback as an overreaction to concerns about AI monetization. While Alphabet's search growth is slowing, strong advertising revenue and cloud business economics help offset this. Amazon has been upgraded from Sell to Hold due to solid AWS growth and margins, though risks remain from capital expenditure funding. Alphabet's stronger financial position allows more patience for AI development compared to Amazon, which faces challenges from customer financing and cash burn.

Alphabet trades at USD 279.86 on Pluang as of Nov 04, 2026 19:41 WIB, up 0.57% in the last day. The stock shows strong buying interest with 69% of orders to buy and a market cap of $3.43 trillion. Amazon is priced at USD 259.82, gaining 3.64% recently, but sees 70% of orders to sell, reflecting mixed sentiment among Pluang investors.

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