Alphabet’s Waymo Hits 200M Miles; Wells Fargo Forecasts 60% GCP Growth
Waymo operates robotaxis in 10 cities including Dallas and Orlando, driving over 200 million autonomous miles and aiming for one million rides, as NHTSA probes 3,000 vehicles following collisions. Wells Fargo upgraded Alphabet to Overweight, forecasting 60% 2026 GCP revenue growth and 35 GW capacity by 2028 with a $387 price target.
1. Waymo Expands Robotaxi Operations
Waymo expanded its robotaxi service into Dallas, San Antonio, Houston and Orlando, bringing its total to 10 cities. The fleet has driven over 200 million autonomous miles and plans to serve one million rides per week, even as NHTSA investigates more than 3,000 vehicles following multiple collision incidents.
2. Analyst Outlook Boosts Cloud Growth Expectations
Jefferies projects that Alphabet’s Gemini AI could reach $12 billion in ARR by 2027 and sees GCP capacity growing to 16.9 GW by 2028, lifting 2026-27 cloud operating income estimates by up to 15%. Wells Fargo upgraded Alphabet to Overweight, forecasting 60% GCP revenue growth in 2026, 35 GW capacity by 2028 and raising its price target to $387.