Waymo, Alphabet’s driverless car company, raised $16 billion in funding and plans to expand to 20 new U.S. cities and internationally. The autonomous vehicle market is estimated to be worth $2 trillion by 2030. Alphabet is focusing on AI opportunities, including self-driving cars, cloud services, and its Gemini chatbot.

Alphabet’s investment in Waymo’s AV technology is paying off, with the company completing 15 million rides last year. Waymo aims to expand to 20 new U.S. cities and internationally, positioning itself in the growing $2.2 trillion AV market. Alphabet’s AI ambitions also include Google Gemini chatbot and collaboration with Apple for Siri.

Alphabet’s AI sales, including Google Cloud revenue, surged 48% to reach $17.6 billion in the fourth quarter, contributing to over $400 billion in annual revenue in 2025. Waymo’s funding, Gemini’s user growth, and cloud sales highlight Alphabet’s AI success. Despite competition, Alphabet remains a top AI stock for 2026.

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Read more at Nasdaq: Waymo Just Raised Another $16 Billion. Does That Make Alphabet the Ultimate AI Stock for 2026?