Google to Order 1M-2M More MediaTek AI Chips for Triggerfish TPU v9 Upgrade
GOOG has more than doubled off its 52-week low of $163.33.
Summary
Google is reportedly increasing its orders for next-generation Triggerfish TPU v9 chips from MediaTek by 1-2 million units, according to analyst Ming-Chi Kuo. These new chips are estimated to be 30% more expensive than the prior generation. This move reinforces Alphabet's aggressive investment in AI infrastructure, following its recently announced $700 billion capital expenditure plan and a $5 billion AI cloud joint venture. The increased orders signal Google's commitment to scaling its AI capabilities. Production for the Triggerfish chips is anticipated to begin by late 2027 and ramp up through 2028.
At the time of this announcement, GOOG was trading at $361.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.5T. The 52-week trading range was $163.33 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.