Key Stock Updates for Alphabet, Exxon Mobil, and AbbVie
Research Reports on Major Stocks: Zacks Research Daily highlights new reports on 16 major stocks, including Alphabet Inc., Exxon Mobil Corp., and AbbVie Inc., showcasing their performance and market outlook.
Alphabet's Growth: Alphabet's shares have increased by 5.5% this year, driven by strong growth in Google Cloud and search capabilities, despite facing litigation issues and competition.
Exxon Mobil's Developments: Exxon Mobil's shares rose by 3.7%, supported by key oil projects and a merger with Pioneer, while also expanding into cleaner energy, though it faces challenges in its Chemicals Division.
AbbVie's Performance: AbbVie has outperformed the pharmaceutical industry with a 21% increase in shares, successfully launching new immunology medicines to offset the impact of Humira's loss of exclusivity, but faces near-term challenges.
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Waymo Launches Driverless Service at San Francisco International Airport
- Service Expansion: Waymo announced it will gradually open its driverless ride-hailing service at San Francisco International Airport, initially serving select customers and planning to welcome all riders in the coming months, thereby enhancing its competitive edge in the autonomous market.
- Airport Coverage: San Francisco International Airport becomes Waymo's third major airport, following services at San Jose and Phoenix, which will help the company secure a stronger position against competitors like Uber and Lyft.
- Passenger Demand: Waymo co-CEO Tekedra Mawakana stated that providing rides to and from San Francisco International Airport addresses one of the most requested features by riders, anticipating a surge in demand for reliable autonomous rides this year due to major events.
- Operational Locations: Initial pickups and drop-offs will occur at the airport's rental car center, with plans to expand to terminals and other locations, reflecting Waymo's strategic intent to enhance user experience and service coverage.

Vanguard Tech ETF Faces AI Investment Gaps
- Strong ETF Performance: The Vanguard Information Technology ETF has surged nearly 670% over the past decade, significantly outperforming the S&P 500's 270% gain, highlighting its strong appeal in the tech sector.
- Concentration Risk: Nearly 59% of the ETF's value is derived from its top 10 holdings, with Nvidia, Apple, and Microsoft accounting for close to 45%, indicating a high concentration that may pose substantial risks.
- Missing Key Players: While the ETF includes 320 companies, it notably lacks critical AI ecosystem participants like Alphabet, Amazon, and Meta, which limits its exposure to the AI investment opportunities.
- Cloud Market Impact: Amazon and Alphabet hold 29% and 13% of the cloud infrastructure market share, respectively, and the absence of these companies restricts the ETF's potential in the AI sector, affecting its long-term growth prospects.





