Alphabet Hits New All-Time Highs at $183 Amid Strong Performance and Waymo Expansion in San Francisco

Jun 25, 2024, 06:07 PM

Google's parent company, Alphabet Inc., saw its stock reach new all-time highs today. Shares of both $GOOG and $GOOGL hit record levels, with $GOOGL trading at $183. This surge in stock price has been attributed to the company's strong performance and recovery from previous setbacks, including concerns about large language models (LLMs) impacting its search business. Additionally, Alphabet's market capitalization is nearing $2.3 trillion. $GOOG has doubled since March 2023 and is up 40 percent in the past seven months. In a related development, Waymo, a subsidiary of Alphabet, has launched its driverless ride-hailing service to all users in San Francisco, removing the waitlist and invite codes. This marks a significant milestone in Waymo's mission to become a leading provider of autonomous transportation.