LikeFolio’s Megan Brantley breaks down improving demand trends for Alphabet (GOOGL), led by momentum in Google Cloud, Gemini, advertising and streaming. She discusses the risk that AI agents could disrupt Google’s core search business, but sees Gemini’s growing audience and diversified revenue streams helping offset those concerns. Brantley also compares Google Cloud with Microsoft (MSFT) Azure and says pullbacks in GOOGL could create opportunities to accumulate shares.