Buy GOOGL by May 20, 2026.

This has been a rough three month stretch for mega cap tech, and more specifically, for the hyperscalers. While I remain bullish on all of them, there is increased risk that comes with this capex, which is much larger than anyone could have foreseen several years ago. Investing requires a consideration of not only the upside potential, but also the downside risk. The key question is whether the hyperscalers are investing so aggressively because they see a golden opportunity, or …