Alphabet Is the Robotaxi Stock to Buy as Waymo Chases 1 Million Rides a Week

Waymo, Alphabet's autonomous vehicle subsidiary, has reached approximately 500,000 fully autonomous rides per week as of spring 2026, halfway toward its goal of 1 million rides weekly by year-end. While the company may fall short of this target, analyst Daniel Sparks argues Alphabet remains the best robotaxi investment option because Waymo represents only 3% of Alphabet's $4.2 trillion market value, with losses easily covered by Google's core profitable businesses. In comparison, Tesla and Uber face different challenges as robotaxi plays.