{"id":4795,"date":"2026-05-13T15:24:19","date_gmt":"2026-05-13T15:24:19","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=4795"},"modified":"2026-05-13T15:24:19","modified_gmt":"2026-05-13T15:24:19","slug":"why-alphabet-stock-is-outperforming-broader-market-today","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=4795","title":{"rendered":"Why Alphabet stock is outperforming broader market today?"},"content":{"rendered":"
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Shares of Alphabet Inc. (GOOGL) rose 1.86% on Wednesday as investors responded to continued growth in the company\u2019s Waymo autonomous vehicle business and reports that Google is exploring orbital artificial intelligence data centers alongside SpaceX.<\/p>\n

The benchmark index S&P 500 was up 0.04% while the Nasdaq Composite gained 0.44%. <\/p>\n

The stock traded near $395, extending a powerful rally that has seen shares climb 147% over the past year. <\/p>\n

TD Cowen reiterated its Buy rating on Alphabet and maintained a $450 price target, pointing to improving operational metrics at Waymo as a key growth driver.<\/p>\n

The bullish outlook came as new details also emerged regarding Google\u2019s broader ambitions in AI infrastructure, including plans tied to space-based computing and orbital data centers.<\/p>\n

Waymo expansion boosts investor confidence<\/h2>\n

TD Cowen analyst John Blackledge maintained a positive stance on Alphabet after new data showed strong growth in Waymo\u2019s autonomous ride-hailing operations in California.<\/p>\n

Waymo vehicles completed 1.36 million passenger trips in California during March 2026, representing a 92% increase compared with the same period last year. <\/p>\n

The figure also increased from 1.26 million trips recorded in December 2025.<\/p>\n

The service reached 308,000 weekly trips across California, while passenger miles per trip rose 4% quarter over quarter during the first quarter of 2026.<\/p>\n

The increase reflected Waymo\u2019s geographic expansion efforts in Los Angeles and San Francisco.<\/p>\n

Operational efficiency also improved. <\/p>\n

Vehicles spent 88% of total miles either transporting passengers or traveling to passenger pickups, compared with 85% in the fourth quarter.<\/p>\n

TD Cowen said the operational improvements reinforced confidence in Alphabet\u2019s autonomous vehicle strategy and long-term monetization opportunities.<\/p>\n

Waymo has increasingly become one of Alphabet\u2019s most closely watched growth businesses as competition intensifies across the autonomous driving industry.<\/p>\n

Google explores orbital AI data centers<\/h2>\n

Investor attention also turned toward reports that Google and SpaceX are discussing the possibility of launching orbital data centers into space.<\/p>\n

According to a report from The Wall Street Journal on Tuesday, the companies are in talks regarding Google\u2019s plans for space-based AI infrastructure.<\/p>\n

Neither company immediately commented on the report.<\/p>\n

The discussions build on Google\u2019s previously announced \u201cProject Suncatcher,\u201d a research initiative introduced in November focused on developing orbital data centers powered by solar energy.<\/p>\n

The concept reflects growing interest within the technology industry around the future energy demands of artificial intelligence systems and the long-term scalability of computing infrastructure.<\/p>\n

Meanwhile, SpaceX founder Elon Musk has also outlined ambitions involving space-based computing capacity.<\/p>\n

SpaceX is expected to pursue a major midyear IPO<\/a> that could value the company at as much as $2 trillion. <\/p>\n

Some of the planned fundraising is reportedly expected to support orbital AI infrastructure initiatives.<\/p>\n

Space race adds new layer to AI competition<\/h2>\n

The potential collaboration also highlights the increasingly interconnected relationship between artificial intelligence, cloud infrastructure, and the commercial space industry.<\/p>\n

SpaceX currently dominates the global launch market and accounts for more than half of all orbital launches worldwide.<\/p>\n

The company\u2019s fully reusable Starship rocket system remains central to Musk\u2019s longer-term vision of dramatically reducing the cost of moving cargo into low Earth orbit.<\/p>\n

The rocket is designed to lower launch costs by as much as 90% compared with the Falcon 9 rocket, which itself significantly reduced launch expenses relative to the Space Shuttle era.<\/p>\n

At the same time, SpaceX and Alphabet increasingly compete across artificial intelligence markets following SpaceX\u2019s merger with xAI earlier this year.<\/p>\n

Despite that rivalry, Alphabet\u2019s reported interest in orbital data centers is seen by some investors as validation of the broader commercial potential for space-based AI infrastructure.<\/p>\n

The post Why Alphabet stock is outperforming broader market today?<\/a> appeared first on Invezz<\/a><\/p>\n

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Shares of Alphabet Inc. (GOOGL) rose 1.86% on Wednesday as investors responded to continued growth in the company\u2019s Waymo autonomous vehicle business and reports that Google is exploring orbital artificial intelligence data centers alongside SpaceX.The benchmark index S&P 500 was up 0.04% while the Nasdaq Composite gained 0.44%. The stock traded near $395, extending a…<\/p>\n","protected":false},"author":1,"featured_media":4796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/4795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4795"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/4795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/4796"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}