Nearly 90% of the Fortune 100 Now Use Sundar Pichai's Gemini Enterprise Tool. Here's Why That Adoption Rate Matters for Alphabet Investors.

Alphabet's (GOOGL) Waymo launched a commercial robotaxi service in Las Vegas and plans to expand to Tokyo by 2027. The move aligns with Alphabet's strategy to diversify beyond advertising, but investors weigh the potential for long-term gains against ongoing losses. Waymo's success could impact Alphabet's margins and growth prospects.

A federal judge ruled Google does not need to sell its ad exchange, but must make operational changes to open the market. Google must integrate with open-source rivals, share auction data, and operate without favoritism. The changes last six years. The DOJ calls this substantial relief. Google plans to appeal parts of the ruling. Alphabet shares held steady.

Magnite (MGNI) and PubMatic (PUBM) rose 5% and 6% respectively after a court ruling required Google to enable interoperability with Prebid. Craig-Hallum raised its price target for Magnite to $32, citing the ruling as beneficial for independent sell-side platforms. Alphabet (GOOGL) gained 0.8%, while The Trade Desk (TTD) fell 0.5%.

Alphabet (GOOGL) reported Q2 operating cash flow of $39.07B, covering the EU's $3.5B fine over 10 times. Revenue grew 24.23% YoY to $119.80B, with Google Cloud revenue up 82%. The company has a P/E of 15, ROE of 35.70%, and has beaten EPS estimates for 12 straight quarters. CapEx is expected to reach $175B-$185B in 2026, with a $460B Google Cloud backlog.

U.S. stock index futures rose Thursday after the Federal Reserve's rate hike, easing market anxiety. Tech shares like Alphabet and Meta gained over 1% premarket. The S&P 500 has lost 1.7% this month. The Fed signaled more hikes may be needed, increasing market volatility risks. Fluence Energy fell 18% after lowering its 2026 revenue forecast.

Blackstone and Alphabet's joint venture, Crux AI, secured $22bn in financing from 10 banks. The funds will support the purchase of Google's Tensor Processing Units and data center expansions, with Blackstone contributing $5bn in equity. The deal highlights significant investments in AI infrastructure.