GOOGL

Alphabet (Waymo)

research_scan theme='autonomous-mobility'; value_chain_position='Layer 1 (validation data / HD-map ops) + Layer 4 (robotaxi OEM)'; Prior-scan verified 170M cumulative autonomous miles, 500k+ weekly trips across 10 US cities (March 31, 2026), 92% fewer serious-injury crashes. Parent-balance-sheet cushioned against C-23 rate-cycle stress; validation-data moat most durable AV asset in theme. Supports C-26 by owning the operational layer where value migrates.