1. Google faces significant challenges, including antitrust lawsuits and concerns about the relevance of search in the age of AI; 2. Despite these challenges, Google's diverse ecosystem and substantial R&D investments make it resilient; 3. Google Search remains dominant, YouTube has a vast content library and ad subscription potential, and Google Cloud is growing; 4. The forward R&D + EBIT yield of 10.4% and strategic positioning in AI and cloud support a 'Strong Buy' rating.