Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) lost close to $150 billion in market cap in early trading on Wednesday. Disappointing growth for the company's Google Cloud unit in its fiscal 2023 third quarter caused some investors to head for the hills.

However, anyone listening closely to the Q3 earnings call Tuesday evening would have easily found reasons to be optimistic about the future. Here's what CEO Sundar Pichai just said that makes Google stock a no-brainer buy on the dip.

Google Cloud generated revenue of $8.41 billion, up 22% year over year. However, analysts were looking for revenue of $8.64 billion.

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Source Fool.com