1. Alphabet's strong financial performance, with significant revenue and net income growth, and substantial share buybacks, demonstrate its potential as a long-term compounder. 2. Despite concerns about competition in AI and search, Alphabet's integrated, AI-powered products and services continue to drive user satisfaction and revenue growth. 3. Current valuation metrics suggest GOOG is attractively priced, making it a compelling buy opportunity at ~5.8x sales and ~21x income. Given GOOG's robust growth, diversified revenue streams, and attractive valuation, we upgrade GOOG to a 'Strong Buy'.