Alphabet Emerges as Nvidia’s Biggest Threat in a $900B AI-Chip Race

Alphabet’s TPUs are gaining investor hype as analysts say the company could capture a share of the $900 billion AI-chip market.

Alphabet’s chip ambitions are suddenly looking less like an in-house project and more like the company’s next big money machine… and Wall Street is paying close attention.

Alphabet’s tensor processing units (TPUs) are becoming a major talking point for investors who see them as a serious future revenue engine.

The growing excitement has helped fuel a strong run for Alphabet’s shares in the final quarter of the year. The company’s TPUs have always held a prized position within Google, especially for accelerating cloud computing. But confidence is rising that Alphabet could one day sell the chips broadly, opening the door to a fresh business that analysts think could capture 20% of the global AI-chip ...