There was some concern for Alphabet coming into earnings, and it was reflected in the stock. At the close on Tuesday, shares had declined 11% from their record closing high of $191.18 on July 10.

Alphabet GOOGL Traded to a new year-to-date high of $129.04 on Wednesday, June 7, 2023, then closed at $122.50 below the June 6 low of $125.35. This defines a downside key reversal day.

While Wall Street reacted positively to Alphabet’s (GOOGL) Q3 results, I believe shares remain undervalued, presenting a compelling opportunity today. Alphabet’s core business segments, like ...