CNBC's Deirdre Bosa reports on Alphabet's latest company updates, including its Waymo expansion plans, artificial intelligence and more.
CNBC's Deirdre Bosa reports on Google's self-driving taxi fleet, Waymo, plans to expand to Washington D.C. in 2026 and Alphabet's progress in quantum computing.
One of Google's top executives working on quantum computers said he believe the tech is only five years away from running practical applications that can't be calculated on modern computers. "We think we're about five years out from a real breakout, kind of practical application that you can only solve on a quantum computer," said Julian Kelly, Google Quantum AI's director of hardware.
Alphabet-owned Waymo One will be available in Washington, D.C., in 2026, the company announced Tuesday.
Shares in up-and-coming tech firms could be in for a lift after ARK Invest's Brett Winton claimed Google's acquisition of cloud security start-up Wiz could spark a long-awaited revival in tech dealmaking. Winton, chief futurist at ARK, said the $32 billion (£25 billion) purchase of the cloud security specialist was not just the largest in the search giant's history - it could also mark the start of a broader M&A cycle that benefits the whole innovation space.
Alphabet's self-driving unit Waymo said on Tuesday it aims to launch its fully autonomous ride-hailing service in the U.S. capital city next year.
Waymo said Tuesday it will begin offering robotaxi rides via the Waymo One app in Washington D.C. in 2026.
Alphabet's excellent financial performance, including significant revenue and net income growth, along with copious share buybacks, showcase its potential as a long-term compounder. Despite fears around competition in AI and search, Alphabet's integrated, AI-powered products and services continue to drive user satisfaction and revenue growth. Current valuation metrics indicate GOOG is attractively priced, making it a compelling buy opportunity at ~5.8x sales and ~21x income.
The S&P 500 index is market-cap-weighted, meaning companies that do well slowly make up more of the index over time. In recent years, a group of prominent technology companies dubbed the "Magnificent Seven" have dominated headlines and increasingly influenced the broader market.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOG). This makes it worthwhile to examine what the stock has in store.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.
Google's $32 billion acquisition of Wiz may signal the start of a friendlier initial public offering and deal activity environment. The proliferation of artificial intelligence and the transition to the cloud has amplified the need for cybersecurity solutions.