business / news / / The Straits Times
Strong growth at Google Cloud and in its other AI products sent the shares soaring 10 per cent on April 30.
Alphabet's TPUs will soon be available for customer use in their own data centres.
KEY POINTS
- Amazon's in-house AI chip business now exceeds a US$20 billion revenue run rate.
- Qualcomm's new data centre chips will be deployed by a major hyperscaler later in 2026.
- Meta and Microsoft's rising capital spending is benefiting semiconductor and memory suppliers with soaring stock gains.
- The Magnificent Seven tech group is on pace for 57% Q1 earnings growth, triple initial estimates.
COMPANIES
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