Gemini Hits 950M Users as Waymo Wins California Expansion
GOOG sits 75% above its 52-week low of $197.46.
Summary
Alphabet's Gemini AI reached 950 million monthly users in Q2, with daily users tripling year-over-year, and is now integrated across Search, Cloud, and Workspace. Waymo received clearance to expand fully autonomous ride-hailing across the San Francisco Bay Area and Los Angeles, with launches planned for Sacramento and San Diego. The company's investment gains, including stakes in SpaceX and Anthropic, contributed about 10% of total S&P 500 earnings in Q2. An analyst reaffirmed a Market Outperform rating with a $515 price target, citing YouTube, search, and broad product strength. These developments follow Alphabet's $80 billion equity raise announced in June to fund AI infrastructure.
At the time of this announcement, GOOG was trading at $344.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $197.46 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.