Waymo's Rapid Growth Boosts Alphabet Stock
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alphabets Waymo unit, a key growth engine, now offers 400k weekly rides, expanding into airports and freeways. Morgan Stanley maintains overweight rating on Alphabet stock, raising Waymos miles driven and revenue forecasts by 20% and 6% respectively. Waymo trips are projected to grow at 84% CAGR from 2025-2032, reaching 1.1 billion trips and 8.2 billion miles, but still capturing less than half a percent of US miles. Ubers partnership approach trails Waymos progress in the autonomous race.
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