The video presents a fundamental analysis of Alphabet (GOOG) and Amazon (AMZN) stocks. For Alphabet, the intrinsic value per share is calculated to be $255.08, while the current market price is $245.26. The presenter suggests that Alphabet is a good buy for long-term investors, due to its excellent business model and fair valuation. However, the risk remains with large language models and the changing consumer behavior, which may affect Google Search business. Offsetting this risk, Alphabet benefits from artificial intelligence across its other segments and it generates billions of monthly active users on over six of its products, with annual revenue of $200-$300 billion. For Amazon, the intrinsic value per share is calculated to be $285.17, while the current market price is $221.87. The biggest risk for Amazon is the threat of tariffs. The analysis suggests most of products sold on Amazon’s website are sourced from overseas and selling products to US consumers will face a higher cost.