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TIVP098: ALPHABET (GOOGL): THE MEGACAP THAT STILL MIGHT BE UNDERRATED
W/ KYLE GRIEVE & SHAWN O’MALLEY
TIVP098: ALPHABET (GOOGL): THE MEGACAP THAT STILL MIGHT BE UNDERRATED W/ KYLE GRIEVE & SHAWN O’MALLEY
20 September 2026
In today’s episode, Kyle Grieve and Shawn O’Malley revisit Alphabet nearly two years after Shawn’s original pitch, tracing how the company transformed from a cash-rich, buyback-driven business into an aggressive spender on AI infrastructure. They walk through what changed across Search, YouTube, Cloud, and Waymo, and unpack why the market’s fears around AI disrupting Google were largely unfounded. Along the way, they dig into how Alphabet is funding its buildout, what that means for shareholders, and which questions will determine whether this evolved version of the business is actually better.
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IN THIS EPISODE, YOU’LL LEARN:
- Why Shawn’s original Alphabet thesis needed a revisit
- How the AI-kills-search narrative played out in reality
- Why Alphabet paused buybacks and started raising equity
- How Waymo went from afterthought to major asset
- How Alphabet’s AI spending flows through its earnings
- Why Google Cloud’s margins surprised skeptical investors
- What Berkshire Hathaway’s growing stake signals about the company
- Which unresolved questions will define Alphabet’s next few years
- And so much more!
For the full show notes, go to this page.
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