Global Stock News

TPU Growth Strengthens Alphabet’s Challenge to Nvidia

TPU Growth Strengthens Alphabet’s Challenge to Nvidia

TradingKey – Alphabet (NASDAQ: GOOGL) closed at $337.83 on September 23, down 3.80% after posting a big reverse momentum candlestick. The recent correction provides a buying opportunity as we continue to see Alphabet innovate in several areas, especially with cloud and artificial intelligence. Funds are flowing into the cloud, and with recent contract wins, Alphabet is extending its AI infrastructure. Investor concerns lie with the pace of funding, and when will Google Cloud contract wins and profitability events occur?

TPUs Are Becoming a Larger Commercial Business

Google Cloud is also offering TPU rental services, and Alphabet is selling TPU systems. At the recent Goldman Sachs Communacopia + Technology Conference, Google Cloud CEO,…

Source link

Share this article

Scroll to Top