Wall Street bulls and bears debate: is Google (GOOGL.US) undervalued or stuck in an "innovator's dilemma"?

After the release of its financial report, Google's parent company Alphabet (GOOGL.US) has become one of the most talked-about stocks on Wall Street. Previously, the company reported strong second quarter financial results (revenue increased by 14% year-on-year, operating profit increased by 32%), successfully refuting the views of some critics who had predicted its imminent collapse due to the impact of artificial intelligence.