Alphabet Class A ( (GOOGL) ) has risen by 9.68%. Read on to learn why.
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Alphabet Class A has experienced a notable 9.68% increase in its stock price over the past week, driven by impressive performance from its Waymo self-driving vehicle unit. Waymo has reached a milestone of providing 250,000 paid rides per week, thanks to its expansion in cities like Austin and the San Francisco Bay Area. This growth has been a key factor in boosting investor confidence and driving the stock’s upward momentum.
The company’s recent financial results have also contributed to the positive stock movement. Alphabet reported a 12% increase in revenue during its Q1 2025 earnings report, which was well-received by the market. This strong financial performance, coupled with the success of Waymo, has positioned Alphabet as a promising investment opportunity, attracting attention from both analysts and investors.
Additionally, the broader market environment has been favorable for Alphabet, as the Nasdaq 100 index has shown signs of recovery. This has further supported the stock’s rise, as investors are optimistic about the tech sector’s potential. With analysts maintaining a moderate buy consensus on Alphabet’s stock, the company is poised for continued growth and success in the coming months.