The company is rolling out a feature that will answer search queries in a chatbot-style conversation without the classic blue links.
Driverless cars are set to become a more common sight in California's tech corridor after regulators approved Waymo's request to expand its robotaxi operations beyond San Francisco. The California Public Utilities Commission has given the Alphabet-owned company permission to extend its commercial service into more communities on the Peninsula, south of the city.
The California Public Utilities Commission has approved Waymo's request to expand its commercial robotaxi service area, opening the door for the Alphabet company to bring its driverless ride-hailing vehicles into more communities south of San Francisco.
Alphabet's self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose.
The California Public Utilities Commission approved Waymo's Passenger Safety Plan on Monday, clearing the way for expanded service. San Jose Mayor Matt Mahan was an early backer of Waymo's proposal.
Google is buying another 600 megawatts of solar power to supply electricity to its data centers.
Investors who are looking to beat the market may now be in a position to once again explore the world of growth stocks, many of which are taking off at a much faster rate than their value counterparts in recent weeks.
Alphabet (GOOG) is both a strong growth business and undervalued, trading at a P/E of 19, well below tech peers and the market average. Recent stock underperformance is due to antitrust risks, AI investment concerns, competition, and Apple's potential search engine shift, but these are already priced in. Google's extensive data infrastructure, AI leadership, and significant vertical integration position it to compete effectively in the AI race and maintain its search engine position.
Google is a strong long-term investment for growth portfolios, especially during market corrections, due to its track record and technological prowess. Google's AI models and technologies are viewed as the best in the field currently. Google's growing business in Search, YouTube, and Cloud is the best playing field for AI. This is the combined user base unmatched by any AI players.
The current Alphabet stock discount is drawing a good deal of interest from the 15 analysts who have a current average price target of $202.77.
After bouncing off support around $150, shares look to have confirmed a short-term bottom and are now pushing to reclaim the 200-day moving average near $170.
Alphabet has been running this ad recently: There's Only One YouTube.