It is a rather attractive view, and I used to hold it too. However, seeing as Alphabet recently issued 100-year bonds to finance the AI CapEx bloat, means they are not that far off from the rest of the AI "YOLO"s currently jumping off the cliff ...
They have over $100B in cash on hand. I can't pretend to understand their financial dealings, but they have a lot more runway before that cliff than most of the other companies.