Shares of Alphabet climbed after the U.S. House energy and commerce subcommittee announced a hearing to consider proposals that could increase deployments of autonomous vehicles to as many as 90,000 units per year and limit state-by-state restrictions. The hearing, scheduled for January 13, underscores growing political support for self-driving technology—an endorsement that directly benefits Waymo, Alphabet’s autonomous-vehicle subsidiary. Waymo now operates in multiple U.S. cities and has tripled ride volumes year-over-year, underscoring its momentum as regulators weigh a framework to accelerate nationwide robotaxi rollouts.

In the third quarter of 2025, Alphabet reported revenue of $102.35 billion, up 15.95% year-over-year, driven by a 15% gain in Search and 16% growth in YouTube ad sales. Google Cloud delivered $15.2 billion in revenue, up 34% year-over-year, while the Subscriptions, Platforms & Devices segment rose 21%. Net income climbed 32.99% to $34.98 billion, lifting the net margin to 34.18%. Operating cash flow jumped 57.7% to $48.4 billion and free cash flow rose 8.7% to $14.0 billion, reflecting both strong top-line performance and disciplined cost management.

Alphabet’s strategic push to challenge incumbent GPU providers took shape with the expansion of its in-house Tensor Processing Unit (TPU) business. By integrating TPUs directly with the PyTorch framework, Alphabet aims to offer a ‘drop-in’ alternative for large-scale AI training and inference workloads. Complementing this effort, the pending acquisition of Intersect would secure approximately 10.8 gigawatts of power capacity by 2028 to fuel future data-center expansion. Together, these initiatives create an end-to-end AI infrastructure stack—from chip design through energy supply—that underpins Alphabet’s ambition to capture a growing share of the enterprise AI market.