SpaceX has secured a deal with Google to provide computing power at $920 million per month starting October through June 2029, potentially earning SpaceX $30 billion. This deal supports SpaceX's role as a key AI infrastructure provider amid growing demand for AI services. Google will access 110,000 Nvidia AI chips to meet high customer demand for its AI models. The agreement strengthens ties between Google and SpaceX ahead of SpaceX's anticipated IPO, which could value the company at over $1.7 trillion and boost Elon Musk's AI ambitions, including his AI lab xAI and chip factory plans.
In 2026, Alphabet has delivered outstanding returns over one, three, and five years, contrasting with struggles faced by other hyperscalers. The semiconductor sector remains highly cyclical, impacting both business performance and stock prices. A com...
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
Following a five-year antitrust lawsuit by Epic Games, Google will let Android users in the US download third-party apps directly from the Google Play Store starting July 22. This change comes after a court ruling that found Google's Play Store pract...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Google has announced its biggest solar power and battery storage purchase, investing in a project in Arkansas that will generate enough electricity to meet about 6% of the state's peak demand. The project, developed with Cypress Creek Energy, will ad...
