Waymo Is Taking Off Fast in Austin, Texas. Here's Why That's Great News for Alphabet -- and Even Better News for Uber.

The stock of Alphabet (GOOG 2.56%) (GOOGL 2.79%) has fallen off in recent months because of tariff-related economic uncertainty. Today, it's actually the cheapest of the Magnificent Seven stocks by far, with a P/E ratio below 20.The overriding concern with Alphabet is that generative AI could eat into its main cash cow, Google Search. However, Search has still shown double-digit growth over the past year, even with the adoption of generative AI chatbots, and any decline in Search revenue is likely to be slo ...