From Nasdaq:

Alphabet GOOGL introduces new Android Auto feature syncing phone wallpaper to car display to enhance user experience. The move is part of growing efforts to strengthen auto solutions portfolio, driving growth in Google Services segment. Expectations are high for continued growth in Android offerings, with a 60.2% rally year-to-date.

The company also rolled out Android Auto 11.0 for Samsung smartphones, allowing users to customize status and app icons. Google Maps feature for Android Auto now allows users to save their parking location. New features will help customers identify electric vehicles and enable Google Assistant to summarize busy conversations, enhancing infotainment market presence.

Global automotive infotainment market expected to reach $49.86 billion by 2030, creating lucrative opportunities for Alphabet in the future. With a Zacks Rank #2 (Buy), the company is poised for success with its ongoing innovation in the automotive technology sector. Responsive features like EV indicators and AI-driven conversation summarization are making an impact.

A little known company has been identified at the heart of a brilliant Artificial Intelligence sector with potential to reach an economic impact of $15.7 Trillion by 2030. Zacks is providing a bonus report on this explosive growth stock and 4 other “must buys”. Click to get this free report. Overall, aggressive growth and innovation within this sector continue to excite investors about the potential for significant economic growth.



Read more: Alphabet (GOOGL) Bolsters Android Auto With New Update