Trade 343

HOLD GOOGL

0 shares at $394.86 on 2026-05-07

Reasoning

GOOGL position ($396, 5.0% of portfolio) is held per thesis #233 targeting $420 exit. Current price $394.99 is ~0.02% below thesis target. Cloud growth remains strong; Blackstone/KKR AI infrastructure deals are bullish. Antitrust risk is priced in. Position is virtually at thesis exit target; holding for final thrust to $420 or awaiting market catalysts that may justify higher exit. No new deployment warranted at current levels.

Thesis

GOOGL held position. Stock likely around $387-390 range (GOOGL rose 1% today per market reports). Communication services is the weakest sector at -0.0% today and -1.3% over 5 days, but GOOGL is outperforming its sector. The Iran deal progress and oil decline are net positive for growth names. Antitrust appeal is ongoing. Rule 43 churn review remains active. The market's tech rotation favoring semis (MU, AMD, AVGO) over platform tech is notable but doesn't invalidate the cloud/AI thesis. (long, medium confidence)

Cited evidence

News