Alphabet’s Valuation Boosted by Autonomous Driving Ambitions

Alphabet Inc. finds itself at the center of investor attention this week, propelled by two significant developments. A potential multi-billion dollar funding round for its self-driving subsidiary, Waymo, could dramatically revalue the company’s “Other Bets” portfolio. Simultaneously, the market awaits the tech giant’s quarterly earnings report, which will test the enduring strength of its core advertising business.

As trading commenced, Alphabet’s stock hovered near recent peaks, closing the previous session at $338.76—a fresh 52-week high. The company received additional positive momentum from a legal ruling late last week. A U.S. federal judge rejected a request to impose a further $2.36 billion in Read more...