Waymo dominates the U.S. robotaxi market and is expanding overseas, but its revenue remains small for parent Alphabet: the Other Bets segment, which includes Waymo, earned $372 million in the third quarter, up 8% year over year and just 0.3% of total sales, while its operating loss widened to $2.05 billion from $1.43 billion. Alphabet is investing heavily in AI, leaving free cash flow negative by over $9 billion for the quarter, and its shares fell almost 10% in extended trading after an earnings and revenue miss. Waymo operates in 15 major U.S. cities, recently closed a $5 billion term loan, and raised $16 billion at a $126 billion valuation in February, with a planned German launch in 2027. Tesla says vehicles in its Robotaxi network have completed about 3.8 million miles unsupervised.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
GOOGLearningsAI investmentself-driving cars
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Can Alphabet Stock Double By 2030?
The article argues Alphabet could double in value by 2030 if its cloud business keeps accelerating, Gemini usage keeps growing, and Waymo expands. Google Cloud revenue rose 82% year over year in Q2, versus 32% in Q2 2025, and the cloud backlog stands at $514 billion. The Gemini app reached 950 million monthly active users and processes 22 billion tokens per minute, up almost 40% sequentially. Google Search and YouTube revenue grew 17% and 13% year over year, and Alphabet has a forward P/E of 22.8. Waymo, described as the industry leader, already offers autonomous rides to consumers in several cities, though profitability may still be years away.
- Waymo Opens To Everyone In San Antonio , San Diego , & Tampa
Waymo's robotaxi service is now open to anyone in San Antonio, San Diego and Tampa, who can hail a fully autonomous ride through the Waymo app, including trips to San Antonio International Airport. Waymo says it has welcomed hundreds of thousands of riders in these cities since opening service earlier this year. San Antonio's airport director Jesus Saenz called the airport service a significant milestone for Waymo, the city and travelers. In San Diego, Bob Kelly, founder and CEO of the San Diego Seniors Community Foundation, said the service helps older adults stay independent, active and connected.
- Alphabet Might Use Waymo to Destroy Tesla’s First-Mover “Robotaxi Monopoly” Premium
Waymo passed 500,000 fully autonomous rides per week in the first quarter, following a $16 billion February funding round that Alphabet mostly paid for. Alphabet reported second-quarter revenue up 24.2% to $119.80 billion with a 34% operating margin, while Google Cloud grew 82%. Tesla's revenue rose 25.5% to $28.24 billion, but non-GAAP EPS of $0.33 missed the $0.54 estimate and operating margin fell to 1.4%; Tesla also reported more than 380,000 miles of unsupervised Robotaxi with zero notable incidents. The article argues Waymo's expansion makes Tesla's roughly 382x multiple harder to defend, though Alphabet faces risks including negative free cash flow of $5.86 billion and long-term debt rising from $46.5 billion to $98.2 billion. Year to date, Alphabet shares are up 11.28% while Tesla is down 18.36%.
- Waymo Just Borrowed $5 Billion for the First Time
Alphabet's robotaxi unit Waymo closed a $5 billion term loan from private credit funds and institutional lenders on October 8, its first debt financing. PIMCO, Blackstone, and Sixth Street led the syndicate, with Goldman Sachs as sole lead bookrunner, but Waymo has not disclosed the maturity or exact interest rate. Bloomberg reported Waymo first sought more than $3 billion at a spread above 500 basis points, then upsized the deal and priced it at 5.25 percentage points over the benchmark, signaling strong lender demand. Alphabet has not disclosed whether the parent guarantees the loan, so lenders appear to be pricing Waymo's risk on its own. The article notes Waymo's operating case remains unproven, as its Other Bets segment reported just $382 million of second-quarter revenue.
- Alphabet Just Lost $500 Billion in Market Value. A Once-in-a-Generation Artificial Intelligence (AI) Opportunity Could Be Hiding in Plain Sight.
Alphabet shares fell about 13% in early-morning trading on Thursday after its third-quarter report, wiping out $500 billion in market value. Revenue rose 25% to $127.6 billion but missed the $128.2 billion analysts expected, while Search revenue grew 12% to $63.4 billion, slowing from 17% in the second quarter. Capex of $51.4 billion exceeded $42.3 billion in operating cash flow, leaving a $9.1 billion free cash flow deficit; management raised its 2026 capex budget to $195–205 billion and raised about $12.4 billion through stock issuance and $28.7 billion through debt. The author argues the spending is building a vertically integrated AI ecosystem, pointing to Google Cloud revenue up 103% to $30.7 billion, a backlog near $561 billion, interest in TPUs from several firms, and Gemini reaching 1 billion users, and views the sell-off as an opportunity for long-term investors.
- Wall Street Expert Phil Rosen Dissects Big Tech Earnings Landscape
In an NYSE Live interview with Kristen Scholer, Phil Rosen, Chief Market Strategist at Opening Bell Daily, discussed Big Tech earnings, including Alphabet and Amazon, as these companies keep investing heavily in AI infrastructure. He argued that investors are placing too much emphasis on a quarterly decline in Alphabet's free cash flow, while the company's leadership in search, cloud, AI, and businesses such as YouTube and Waymo supports long-term growth, with rapid growth at Gemini cited as evidence of competitiveness. Rosen said AI capital spending is a bigger market driver than the Federal Reserve's decision to leave interest rates unchanged, and that leading hyperscalers will keep investing regardless of small rate changes. He expects investors to keep focusing on AI adoption, enterprise spending, cloud growth, and capital investment strategies.
Related markets
Latest news
- Considering electricity price cuts and a special consumption tax cut on gasoline from 01/11/2026
On 27/10/2026, Deputy Prime Minister Nguyễn Văn Thắng chaired a meeting on gasoline and electricity price management scenarios, attended by the Ministries of Finance and Industry and Trade, the Government Office, and the CEO of EVN. The Deputy PM directed EVN to review and cut costs to propose a reduction in the average retail electricity price, applicable from 01/11/2026 to 31/03/2027, with the Ministry of Industry and Trade to provide its opinion. The Ministry of Finance was tasked with reviewing a proposal to cut the special consumption tax on all gasoline types to 0% over the same period, with a report to the competent authority due before 01/11/2026.
- Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale adds to a growing portfolio of stakes, loans and guarantees that some analysts say has made it the central bank of the AI boom. Its stakes include OpenAI, Anthropic, xAI, neocloud providers CoreWeave and Nebius, and partners in Europe and Asia. Nvidia committed to buy up to $6.3 billion of unused CoreWeave computing capacity and, according to US media, holds about $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center. MIT's Michael Cusumano says its huge profits leave few better options, while Gil Luria of D.A. Davidson calls the approach unprecedented but says it "appears to be working." Some doubters still ask whether the deals are inflating an AI bubble.
- Intel plunges on a major guidance miss. What went wrong — and how to proceed
Intel's third-quarter revenue rose 21% year over year to 16.513 billion USD, slightly above the LSEG consensus of 16.496 billion USD, while non-GAAP EPS more than doubled to 52 cents against an estimate of 40 cents. However, its guidance showed heavy dependence on the struggling PC market, and the shares fell sharply after hours. PC sales fell 5% year over year but still account for more than half of the CCPG + DCAI products group's revenue and about 43% of Intel Products' operating income. Surging memory prices and limited manufacturing capacity are pressuring the PC market; CEO Lip-Bu Tan said demand for 2027 is significant, while CFO David Zinsner estimated a 300 million USD impact in the fourth quarter, likely similar in the first quarter. The article says analysts will need to revise estimates downward for several quarters, the rating is under review, and the price target is cut to 100 USD.
- The Humanoid Robot Market Could Be Worth More Than $7 Trillion. Here Are 3 Stocks to Own.
The article argues humanoid robots are coming soon, citing Morgan Stanley's estimate of as many as 1 billion on the planet by 2050, when the market could be worth as much as $7.5 trillion. It highlights three stocks tied to the theme. Mobileye Global (MBLY) announced early this year a $900 million acquisition of humanoid developer Mentee, with mass production and commercialization expected to begin in 2028. Qualcomm (QCOM) unveiled its Dragonwing IQ10 chipset for general-purpose robots in January, which humanoid developer Figure is already using. Tesla (TSLA) is developing the Optimus humanoid robot, which CEO Elon Musk believes could become its best-selling product.
- Interest rates on October 30 at Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...
A survey of online deposit rates at 35 banks as of 30/10/2026 shows wide gaps between banks and terms. Most banks list 4.75% per year for 3-month deposits, while GPBank is at 3.7% per year and SeABank at 3.95%. For 12-month terms, MBV, PGBank, Sacombank, VCBNeo and VIB each list 7% per year, and VPBank leads the 18-month term at 7.4% per year. Notably, longer terms do not always pay more: Techcombank falls from 6.25% per year at 12 months to 5.35% at 18 months, and VIB from 7% to 5.9%. The rates shown are published online rates for individual customers and may vary by deposit amount and method.
- Why Norwegian Cruise Line Stock Jumped Today
Norwegian Cruise Line (NCLH) shares rose more than 13% on Thursday after the company reported third-quarter profit above expectations. Revenue edged up less than 1% year over year to $2.9 billion, helped by more last-minute bookings and higher onboard spending, while expense cuts offset higher fuel costs tied to the Middle East conflict. Adjusted net cruise cost excluding fuel per capacity day fell 2.2% to $152. Adjusted net income reached $514 million, or $1.12 per share, beating Wall Street's projection of $0.93, and asset sales combined with profits are helping the company pay down debt. The company raised its full-year adjusted net income forecast to $789 million, or $1.70 per share, from a previous $700 million, or $1.50 per share.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.