Google

Alphabet’s AI Risk Isn’t Revenue — It’s Cost Rigidity

Alphabet’s AI narrative is strong. The filing highlights a quieter structural risk: stock-based compensation and long-duration commitments that harden the cost base over multiple years.

Alphabet’s 10-Q Looks Strong. The Hidden Risk Is Rising Obligations

Alphabet’s profits look strong. The filing shows a different structural story: rising liabilities, debt, and long-term obligations, plus persistent legal exposure. Here’s the risk-focused breakdown.