Buy Alphabet, MercadoLibre, Nvidia on the Nasdaq Dip
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- Nasdaq Composite plunged as much as 13% below its previous high before partially rebounding, but the index remains in negative territory year to date.
- Alphabet has fallen more steeply than the Nasdaq, yet Google Cloud revenue grew 48% year over year in Q4 2025 to $17.7 billion, backed by a $240 billion backlog.
- Google integrated its Gemini AI model into Search via AI Overviews and AI Mode, with AI Mode queries running 3x longer than traditional searches, driving higher traffic and monetization rather than cannibalizing Search.
- MercadoLibre has plunged more than 30% below its summer peak, weighed down by margin compression, Middle East conflict-driven fuel price uncertainty, and a forward P/E of 28.5.
- Nvidia is preparing to ship its new Rubin chip platform this year, which reduces inference costs by up to 10x compared to the Blackwell architecture that customers have already adopted heavily.
- Nvidia received clearance from both the U.S. and Chinese governments to sell H200 GPUs in China, and CEO Jensen Huang confirmed the company has purchase orders and is restarting manufacturing; the stock's PEG ratio sits at 0.71, well below its 10-year P/E average.
Why it matters: For investors weighing buy-or-bail on the Nasdaq pullback, the article builds the bull case with hard numbers: Google Cloud's $240B backlog, Nvidia's 0.71 PEG, and MercadoLibre's 28.5 forward P/E — each framing the sell-off as overdone. The most aggressive concrete claim: Nvidia's Rubin platform cuts inference costs up to 10x versus Blackwell, resetting the AI chip pricing bar.
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