$GOOGL · Joseph Carlson After Hours · 2026-11-02

The scariest part of last week was watching Google's stock drop 12% after trading hours. Watching tens of thousands of dollars evaporate into thin air. Google lost about $500 billion in market value . Half a trillion dollars is vanishing.

Let's look at the next company here, which is Google. Google's earnings report was truly disappointing. I've reviewed it and tried to explain some of the context, so you can watch the last episode if you want to see that.

However, when we look at Google, we find that it has the exact same target price as Amazon. Google's target price and fair value today is 350. This is similar to Amazon, but because the stock price is higher, Google's upside potential is lower. Google has about 20 percent or slightly more.

If you're trying to choose between buying something like Google or Amazon , I think both are great opportunities. It's difficult to say which will prevail, but I currently think Google faces slightly more challenges in proving its story compared to Amazon .

Google needs to prove that its advertising revenue can withstand all these AI agents. I think this will pose a minor obstacle to the story in the future.

When I look at companies like Amazon and Google, I find that they are growing very rapidly. Google is clearly growing faster, but Amazon is operating from a much larger base.