Alphabet’s Waymo subsidiary, a leader in self-driving technology, saw Alphabet stock rise over 2% as top American politicians plan hearings to advance autonomous vehicles. The U.S. House of Representatives will discuss proposals allowing up to 90,000 autonomous vehicles per year and potentially limiting state regulations on self-driving systems.

Waymo and Tesla are making strides in autonomous vehicle deployment, with Waymo cars common in cities like Los Angeles. The upcoming subcommittee meeting signals increased support for self-driving technology, even if immediate advancements are uncertain. Investors should consider other top stock picks as Alphabet may not offer the highest returns. Stock Advisor’s total average return is 971%.

Read more at Nasdaq: Why Alphabet Stock Topped the Market Today