Stock Pulse
Alphabet (GOOG) launched its Waymo self-driving taxi service in Austin via Uber, potentially boosting both companies [1], [6]. This move, alongside Waymo's 250,000 weekly paid rides, solidifies Alphabet's position in the autonomous vehicle market [1]. Alphabet is also viewed as a buying opportunity due to a low price-to-earnings ratio and strong market position, despite potential recessionary impacts on ad revenue [7]. Further strengthening its portfolio, Alphabet is partnering with Spotify on a new ad exchange platform, expanding its ad reach and revenue [10]. The company is also a leader in quantum computing with its Willow chip, suggesting long-term growth potential [8]. While macroeconomic concerns and AI competition pose risks, Alphabet’s growth in search and cloud, along with its AI integrations, provide a positive outlook [9].