Finally some love for $GOOG

Google Finally Gets Its Due: A Look at $GOOG’s Recent Performance

In a market where many stocks faced challenges, one standout was undeniably Google ($GOOG). The tech giant’s recent ascent in the stock market appears to be a reflection of investors finally recognizing the exceptional strides the company is making. This acknowledgment seems to have crystallized following the exciting announcements made at the recent I/O conference.

While there’s lots of buzz around the launch of Gemini, another intriguing point surfaced during a segment on CNBC featuring Mark Mahaney from Evercore. He made a compelling comparison between Google’s Waymo and Tesla’s burgeoning robotaxi service. Mahaney suggested that if investors valued Waymo similarly to how they assess Tesla’s autonomous service, the worth of Waymo alone could reach an astonishing $1 trillion. Astonishingly, despite its potential, Waymo has not yet been credited with any value by the broader investor community.

This newfound recognition of Google’s prospects could signal a positive shift in perception, and investors are certainly paying attention. With innovative projects like Waymo in the pipeline, the future looks bright for $GOOG. As the market evolves, it will be interesting to see whether this awareness will translate into sustained momentum for Google’s stock.