Alphabet’s AI Bet Deepens As Cloud Surges And TPU Sales Begin

AI summary

Alphabet reported Q1 2026 results with Google Cloud revenue rising 63%, outpacing major competitors. The company began selling its custom TPU chips to external customers, adding a new AI hardware revenue stream. Alphabet sharply raised capital expenditure plans for 2026 and 2027 to build out AI infrastructure despite potential margin pressure. For investors watching NasdaqGS:GOOGL, the Q1 2026 update comes on top of a share price of $384.8 and a 135.4% return over the past year. The stock...