Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six

Constellation Energy (CEG) and Google (GOOG) announced power agreements for 3.6 GW on the PJM grid, including a $4.3B nuclear investment. CEG shares rose 8.13% pre-market. The deals support Google's data center needs and create jobs. They also formed a 5-year tech alliance using Google Cloud.

Google has signed a $4.3 billion, 20-year deal with Constellation Energy to add 890 megawatts of nuclear power capacity. The agreement will fund upgrades to six nuclear plants in Illinois, New Jersey, and Pennsylvania. Google will use its Gemini software to support Constellation's operations. The deal aims to support Google's AI expansion while avoiding additional costs for customers.

Google faces a £1.2B UK class action alleging its 30% Play Store commission breached competition law, raising consumer prices since 2015. Google denies anti-competitive behavior. The case follows similar scrutiny of Apple's practices. (Bloomberg)

Google faces a £1.2B ($1.6B) class action in the UK over alleged higher app prices due to its Play Store commission system, affecting about 20 million consumers, according to Bloomberg.

Google (GOOG) signed a 20-year deal with Constellation Energy (CEG) for 890MW of nuclear power, funding $4.3B in upgrades. Constellation will invest in 11 nuclear units, with first capacity online in 2028. The agreement also includes a 15-year deal for 2,700MW. CEG shares rose 13% to $301.28 on the news.

A federal judge denied most of Google's motions to dismiss ad-tech damages claims, leaving $3.2B for a jury to consider. If awarded, damages would triple to $9.6B under US antitrust law. Alphabet's shares closed at $346.47. Plaintiffs include USA Today Co. and Daily Mail, with Google planning to defend the remaining claims in court.