Alphabet (GOOGL) is "a winner forever" in the tech space, argues LikeFolio's Andy Swan, making the case that the Mag 7 giant's expanding CapEx into data centers is long-term bullish for the company. While Alphabet is spending around $200 billion in 2026 for AI infrastructure, he argues its $500 billion backlog justifies the spending. He uses consumer data gathered by his firm to gauge how demand for cloud adds to the bigger picture.