tech
February 2, 2026
Jim Cramer: Waymo's soaring valuation adds a new layer to the Alphabet buy story
Waymo's growth is reinforcing Alphabet's tech dominance and strengthens the bull case for the stock.
TL;DR
- Waymo is reportedly in talks to close a $16 billion financing round at a nearly $110 billion valuation.
- Alphabet shares have seen significant gains, reaching an all-time intraday high.
- Jim Cramer views Waymo as currently dominant over Tesla's robotaxi efforts.
- Waymo operates in Phoenix, the San Francisco Bay Area, Los Angeles, and recently launched in Miami, with Washington D.C. next.
- Cramer emphasizes Alphabet's strength across all its divisions, including YouTube, Google Cloud, and AI.
- He believes the Justice Department's antitrust lawsuit risk is now off the table, allowing focus on future growth.
- Alphabet is expected to report strong fourth-quarter earnings, with specific interest in Google Cloud and AI advancements.
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