Alphabet recently posted some solid earnings numbers, and artificial intelligence isn't hurting its business, as some investors feared it might.

It’s not often that a software stock with steady double-digit revenue growth and rising profits trades at a steep discount. And honestly, that's not

Alphabet is one of the few AI powerhouses that surprisingly remained affordable amid the AI-driven technology rally. Currently trading at just 18.7 times forward earnings, the company is significantly cheaper than other technology giants, such as Microsoft, which trades at 32.8 times forward earnings, and Nvidia, which trades at 36 times earnings.