Alphabet Inc. (GOOGL) is experiencing a rise in its stock price today, driven by the announcement of its self-driving vehicle unit, Waymo, selecting Tokyo as its first international destination for testing robotaxis. This strategic move marks a significant step in Waymo's expansion beyond the U.S., partnering with Tokyo's largest taxi operator, Nihon Kotsu. The news has generated positive sentiment among investors, as it signals Alphabet's commitment to advancing its autonomous vehicle technology on a global scale.
Additionally, the broader market is reacting to Alphabet's recent technological advancements, particularly its groundbreaking quantum chip. This innovation has captured investor interest due to its potential to solve complex equations at unprecedented speeds, positioning Alphabet as a formidable player in the tech industry's ongoing AI race. The excitement surrounding these developments is contributing to the upward momentum in Alphabet's stock.
Alphabet's stock is currently trading at $199.94, reflecting a 1.67% increase from its previous close of $196.66.