Key insights
- The article discusses the prevailing sentiment that Google is overvalued, with many investors holding or rotating into perceived cheaper alternatives like Meta and Microsoft. While widespread negative sentiment might suggest a contrarian buying opportunity, the lack of concrete fundamental analysis supporting undervaluation limits the bullish signal for US equities.
Not just retail, but even elite investors like Ackman and druckenmiller are dumping $GOOGL on valuation concerns. Most posts I read on Reddit and X are either from long term Google investors deciding to hold but not add more, or from people rotating into Meta or MSFT because they think they're cheaper. Many people are bullish Google long term and want to buy but not at ATH price. They are waiting for another dip like March.
I haven’t come across a single post where someone says Google is undervalued. Does this mean Google is still undervalued from contrarian perspective ?