Google's Waymo Recalls Robotaxis Over Safety Issue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
0mins
Source: stocktwits
- Stock Fluctuation: Google stock has declined 4.3% this month and is 11.2% below its record high set on May 18, reflecting broader weakness in the tech sector that may impact investor confidence.
- Waymo Recall: The U.S. National Highway Traffic Safety Administration announced that Waymo will recall 3,871 robotaxis to fix a navigation issue, highlighting safety challenges in autonomous driving technology that could affect market acceptance.
- Strategic Importance: Although Waymo's revenue is not reported separately and contributes less than 1% to Alphabet's total revenue, analysts value it at tens of billions, indicating its potential leadership in autonomous ride-hailing is crucial for Google.
- Investment Expansion: Google announced a $1.5 billion investment to expand its data center in Jackson County, Alabama, in 2026 and 2027, demonstrating the company's commitment to enhancing cloud infrastructure in response to growing market demand.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 363.790
Low
305.00
Averages
374.25
High
400.00
Current: 363.790
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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