Alphabet Inc. shares rise 1.10% intraday after Waymo's strategic partnership with Avis for self-driving service in Dallas.

Alphabet Inc. rose 1.10% in intraday trading, with the company's self-driving startup Waymo entering into a strategic partnership with Avis Budget Group to launch a fully autonomous ride-hailing service in Dallas. The partnership includes Avis providing fleet operations services, while Waymo will handle the performance of its autonomous-driving technology. Initial testing is already underway in Dallas, with a public launch planned for 2026. Additionally, Wells Fargo adjusted its price target on Alphabet to $187 from $184, maintaining an equalweight rating.