tl;dr
Google (NASDAQ:GOOG) has introduced its latest in-house processors, Axion, to address escalating computing costs, handle increased AI workloads, and reduce reliance on external vendors such as Nvidia (NASDAQ:NVDA). The Axion chips, based on Arm (NASDAQ:ARM) designs, are equipped to power the company...
Google (NASDAQ:GOOG) has introduced its latest in-house processors, Axion, to address escalating computing costs, handle increased AI workloads, and reduce reliance on external vendors such as Nvidia (NASDAQ:NVDA). The Axion chips, based on Arm (NASDAQ:ARM) designs, are equipped to power the company's search engine and manage AI-related tasks, particularly in handling extensive data and serving billions of users. These processors promise a 30% performance boost compared to similar Arm-based cloud chips, with companies like Snap (SNAP) planning to test the new technology. Google's vice president, Amin Vahdat, emphasized the company's shift towards hardware alongside its existing tensor processing unit chips. The recent release of Cloud TPU v5p further solidifies Google's commitment to AI. Google has collaborated with Broadcom (AVGO) to bolster its in-house processor business, with a focus on TPUs. Amazon (AMZN) and Microsoft (MSFT) have also developed their own processors to support AI workloads, challenging the traditional CPU market dominated by Intel (INTC) and AMD (AMD). Nvidia, a key player in the AI accelerator market, is facing intensified competition as market projections indicate substantial growth potential over the next three to five years. While Google has historically utilized its in-house chips for internal operations, the Axion chips will be available to external customers later this year, marking a strategic expansion in Google's hardware business.
More about Alphabet Inc Class C
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Alphabet Inc Class C, Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Industry: Technology, Services-Computer Programming, Data Processing, etc.
Market Cap: 1,934,059,373,000
PE Ratio: 26.92
Dividend Yield: None
Beta: 5.8
EPS: 24.34
Volume: 307,393,987,000
52 Week High: 149.5
52 Week Low: 0.56
Volatility: 0.135
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More about NVIDIA Corporation
NVIDIA Corporation is an American multinational technology company based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Sector: Manufacturing, Semiconductors & Related Devices
Market Cap: $217.83 billion
Current Price: $72.98
Change: 0.16
Dividend Yield: 11.94
P/E Ratio: 24.68
Price/Sales: 0.488
Revenue: $60.92 billion
Net Income: $910.55 million
Earnings Per Share (EPS): $7.61
Shares Outstanding: 2.653 billion
More about Arm Holdings plc
Company: Arm Holdings plc
Business Area: Manufacturing, Semiconductors & Related Devices
Market Cap: 128.499 billion
Current Price: 1388.78
Dividend Yield: None
P/E Ratio: 0.09
EPS: 2.864
Beta: 0.0289
Volume: 2,938,000,000
52-Week High: 106.74
52-Week Low: -0.549
Year-to-Date Change: 0.138
More about Snap Inc
Summary of Snap Inc. Analysis Snap Inc. is a camera company based in the United States and internationally, with its headquarters in Santa Monica, California.
Industry: TECHNOLOGY
Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $184.33 billion
Dividend Yield: None
P/E Ratio: None
EPS: -0.82
ROI: 2.856
Beta: -0.287
Volume: 4,606,115,000
Relative Strength Index (RSI): 13.4
Moving Average: 0
Bollinger Bands: 0.047
More about Broadcom Inc
Company: Broadcom Inc
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: $619.18 billion
Current Price: $49.67
50-Day Moving Average: $19.70
200-Day Moving Average: $26.90
Relative Strength Index (RSI): 91.77
Bollinger Bands: 0.299
Revenue: $38.86 billion
Net Income: $1.50 billion
Earnings per Share (EPS): $1.88
Dividend Yield: 0.164
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1,923,642,556,000
Current Price: $3,564.08
Dividend Yield: None
Price/Earnings Ratio: 2.89
52-Week High: $3,655.78
52-Week Low: $1,929.94
Price/Book Ratio: 50.69
Price/Sales Ratio: 0.139
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 315.49 billion
Current Price: $38.46
Change: 2.86 ( 11.04%)
52-Week Range: $30.61 - $424.83
PE Ratio: 0.363
Revenue: 227.58 billion
EPS: $0.332
Dividend Yield: 0.176
More about Intel Corporation
Company: Intel Corporation
Description: Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 161.68 Billion
Current Price: $94.95
Change: 0.74 ( 0.40%)
Dividend Yield: 12.94
EPS: $0.0312
Revenue: 54.23 Billion
P/E Ratio: 41.84
Volatility: -0.717
RSI: 0.097
More about Advanced Micro Devices Inc
Advanced Micro Devices Inc (AMD) Technical Analysis Summary
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.
Industry: Manufacturing
Sector: Semiconductors & Related Devices
Market Cap: $275.42 Billion
Current Price: $321.55
Dividend Yield: None
Beta: 0.53
PE Ratio: 14.05
EPS: 0.0377
Shares Outstanding: 2.268 Billion
50-Day Moving Average: $175.81
200-Day Moving Average: $48.69
RSI (14): 0.102
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