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Alphabet (GOOGL) Jumps as Waymo Expands Robotaxi Ops

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The Story

News Summary

  • Alphabet stock rose after Waymo secured robotaxi permits in Las Vegas, marking expansion.
  • Strong Q2 revenue growth in advertising and Cloud (up 82%) supports long-term AI and autonomous driving investments.
  • However, the stock now trades at a premium, and faces high capital spending, regulatory pressure, and AI search competition.
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GOOGL price history

338.50 +6.53% over the displayed period

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