Alphabet (GOOGL) Stock Rises 2% as Google Adds Two TPU Chips to Rival Nvidia

TLDR Alphabet stock rose 1.7% to $289.50 on Monday after Google unveiled two new TPU variants. The TPU 8tx targets secure data work and pairs Google’s chip tech with AMD processors. The TPU 8i Max combines two chips in one package to tackle the “memory wall.” Google Cloud revenue more than doubled to $30.71 billion in the September quarter. Nvidia stock fell 5.8% to $175.83 on Monday amid an investigation tied to CEO Jensen Huang. Alphabet (GOOGL) stock rose 1.7% to $289.50 on Monday after Google added two new chips to its TPU family. The stock was up more than 3% in early trading. Alphabet Inc., GOOGL Google introduced the TPU 8tx and the TPU 8i Max. Both are reworked versions of its eighth-generation chips.

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