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Google's parent company, , was the clear winner, rising by a whopping 10%.
Google Cloud's revenue surged 63% to over $20 billion, its fastest growing business line.
KEY POINTS
- Google Cloud's backlog nearly doubled in one quarter to $462 billion, benefitting Broadcom's TPU chips.
- Google plans to sell its custom TPUs to select customers for data center deployment, creating new demand.
- Google explicitly forecast a significant CapEx increase in 2027, favoring Broadcom's future outlook.
- Meta indicated ongoing underestimation of AI compute needs, hinting at higher chip demand for Broadcom.
COMPANIES
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