Why Alphabet Stock Crept Higher in Price on Wednesday
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Alphabet's stock rose over 2% on Wednesday, driven by positive news regarding its robotaxi service, Waymo, which launched in Atlanta. This expansion marks Waymo's fifth metropolitan area, with plans to reach Washington, D.C., and Miami next year. The service is now providing over 250,000 rides per week, significantly increasing from 100,000 last year. This growth positions Alphabet ahead of Tesla in the robotaxi market, indicating a potential future revenue boost from this sector.
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