1. Waymo surpassed 450,000 weekly paid rides, doubling previous numbers. 2. Waymo is considered a leader in autonomous driving technology. 3. The company has expanded its services to multiple major cities. 4. Waymo's progress outpaces competitors like Tesla in ride-hailing. 5. Tiger Global is significantly invested in Waymo's future success.
FAQ
Why Bullish?
Waymo's substantial growth could enhance Alphabet's overall valuation, reminiscent of past successes with Google Cloud.
How important is it?
Waymo's growth trajectory is crucial for Alphabet's future revenue streams and competitive positioning.
Why Long Term?
Sustained ride growth indicates potential for future revenue, significantly affecting Alphabet's share price over time.