Alphabet (GOOGL) is up about 3% as buy-side and trading desks circulate renewed bullish framing around Waymo’s scaling trajectory and its embedded value inside Alphabet. The immediate catalyst is a late-March research refresh highlighting faster expansion metrics and a higher long-run revenue/miles outlook for Waymo, which is increasingly being treated as a meaningful valuation support rather than a distant “Other Bets” option. (thestreet.com)

Waymo has recently been marked at a much larger private-market valuation after a major financing round, reinforcing the idea that Alphabet’s autonomous-driving asset can be monetized (or at least independently valued) in a way the public market may not fully reflect day-to-day. That re-anchors the narrative during periods when Alphabet’s core ad-and-cloud story is competing with concerns about heavy AI infrastructure spending. (techxplore.com)

Traders are likely to focus on any additional analyst price-target changes, Waymo operational expansion updates (new cities, fleet growth, trip volume), and signals that Alphabet can balance AI capex with free-cash-flow durability. A second watch item is whether new product/commercialization updates in Gemini and Google Cloud reinforce the broader “AI platform” bull case alongside the Waymo optionality. (blog.google)