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Citizens Touts Alphabet Inc. (GOOGL) Waymo’s Technology Licensing Push as Truist Securities Echoes Ad Revenue Growth

Alphabet (NASDAQ:GOOGL) is one of billionaire David Tepper’s top stock picks heading into 2026. On December 10, analysts at Citizens reiterated a Market Perform rating on Alphabet (NASDAQ:GOOGL) and set a $340 price target.

Pixabay/Public Domain

The research firm has echoed the company’s push to license its self-driving car technology to automakers under the Waymo brand. According to the research firm, the decision could allow vehicle owners to switch to ride-sharing networks when not using their cars.

Citizens expect partnerships with original equipment manufacturers to enable Waymo to scale vehicle production. The technology licensing drive is also likely to result in a new revenue stream that should bolster the current one, which stands at $385.5 billion over the past 12 months.

Meanwhile, analysts at Truist Securities reiterated a Buy rating on the stock on December 5 and raised the price target to $350 from $320. The research firm expects the company to capitalize on high US ecommerce spending and digital ad spending in the holiday season, driven by resilient customers. Consequently, it expects the company to generate higher advertising revenues driven by strong momentum in e-commerce.

The remarks come from Alphabet’s Google, announcing on December 10 the appointment of Amin Vahdat as the chief technologist for AI infrastructure. The appointment comes as the company ramps up spending on data centers and hardware to support AI workloads.

Alphabet Inc. (NASDAQ:GOOGL) is a tech conglomerate and the parent company of Google, overseeing diverse businesses from search, ads, and YouTube (under Google) to “Other Bets” like self-driving cars (Waymo), health tech (Verily), and drone delivery (Wing).

While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Industrial Stocks to Buy According to Wall Street Analysts and 12 Best 52-Week High Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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