As Waymo Launches in Nashville, Should You Buy, Sell, or Hold GOOGL Stock?

Alphabet's (GOOGL) Waymo, the tech giant's robotaxi subsidiary, recently began providing rides in Nashville, Tennessee. Waymo also offers service in Atlanta, Austin, Texas, Dallas, Houston, Los Angeles, Miami, Orlando, Phoenix, San Antonio, TX, and the San Francisco Bay area, according to the subsidiary's website. It has plans to expand to many other cities relatively soon, including New York, Boston, Las Vegas, London, Philadelphia, and Tokyo.

In February, Waymo was valued at $126 billion in a fundraising round, and a Forbes columnist asserted in September that the unit could eventually be worth $1 trillion. While the latter figure is attainable and may positively move the needle for GOOGL stock, it will likely take at least two or three years to reach that point.