Google's stock price rises by 3%, launching two new AI chips
2026-11-09 22:44:59
According to CoinMeta, the stock price of Google's parent company Alphabet rose by more than 3% at the opening of the U.S. market, reaching $294, up from $284.78 at the close last Friday, a new high since November 4th. Google has launched TPU 8TX and 8I Max chips designed to support secure computing and advanced AI workloads. Google's TPU cost reportedly is about 30% lower than that of Nvidia's GPU, and they also consume less energy in certain tasks. Bloomberg Intelligence expects that Google's TPU related sales will grow from $12 billion in 2026 to over $135 billion in 2028, an increase of more than 11 times. Companies such as Apple, Meta, Oracle, and Anthropic are Google's TPU customers, and OpenAI also plans to make purchases.
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Source:X
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