Should You Consider Purchasing Alphabet Shares Ahead of April 29?

Is Alphabet Stock Worth Buying Ahead of Earnings?

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) shares have held up better than many other major tech stocks in recent months. While the stock once dipped about 20% from its peak, it has since recovered to sit roughly 10% below its all-time high. This presents a potentially attractive entry point for one of the world’s leading technology companies, especially with a possible catalyst on the horizon.

Alphabet is set to announce its first-quarter results on April 29. The outcome of this earnings report could significantly impact the stock’s direction—either fueling a rally or triggering a decline.

Could AI produce the world’s first trillionaire? Our analysts have just released a report on a lesser-known company, dubbed an “Indispensable Monopoly,” that supplies essential technology to both Nvidia and Intel.

So, is now the right time to invest in Alphabet before earnings, or is it wiser to wait?

Image source: The Motley Fool.

Alphabet’s AI Transformation and Growth Momentum

In 2025, few artificial intelligence stocks matched Alphabet’s performance. Early in the year, the company lagged behind its competitors in AI, but it has since closed the gap and is now recognized as a leader in generative AI technology.

Alphabet has also reinvented its core Google Search business by integrating AI, offering users AI-generated summaries in search results and making advanced technology accessible to everyone.

These efforts have fueled impressive growth. In the fourth quarter, Alphabet’s revenue climbed 18% year over year, with Google Search alone growing 17%. If this momentum continues into the first quarter, the stock could see a strong post-earnings rally.

The Importance of Google Cloud

Among Alphabet’s divisions, Google Cloud stands out as a key driver for future growth. As the company’s cloud computing arm, Google Cloud is where investors will see the greatest impact from rising AI investments.

Google Cloud is a preferred platform for developing and deploying AI models, thanks to its custom Tensor Processing Units (TPUs) that offer high performance at a lower cost than traditional GPUs. Last quarter, Google Cloud’s revenue soared by 48%. If this growth accelerates further, Alphabet’s stock could surge as a result.

Valuation: A Potential Limiting Factor

While Alphabet has several growth catalysts, its valuation could limit upside. The stock trades at over 27 times forward earnings, making it pricier than many other AI-focused cloud giants. This premium could restrain its potential gains compared to peers with lower valuations.

Is Alphabet a Buy Right Now?

Given the company’s strong momentum, the upcoming quarter could be impressive, potentially giving Alphabet’s stock a significant boost. For investors seeking growth, Alphabet remains a compelling choice and deserves a spot on any watchlist.

Consider Before You Invest

Before purchasing Alphabet shares, consider this:

• The Motley Fool Stock Advisor team recently identified their top 10 stock picks for investors right now—and Alphabet didn’t make the list. These selected stocks could deliver substantial returns in the years ahead.
• For example, when Netflix was recommended on December 17, 2004, a $1,000 investment would now be worth $555,526. Similarly, a $1,000 investment in Nvidia on April 15, 2005, would have grown to $1,156,403.
• Currently, Stock Advisor boasts an average return of 968%, far outpacing the S&P 500’s 191%. Don’t miss the latest top 10 list and join a community of individual investors.

*Stock Advisor performance as of April 14, 2026.