Alphabet Secures a Major Cloud Contract, Boosting Confidence

2 days ago

Valerie Titel

"Alphabet shares up 1.4%. Now, this comes after a confirmation that Google Cloud has got a big new contract. Anthropic has confirmed that is teaming up with Google Cloud in a deal that could be worth billions of dollars. This is something that we reported earlier this week, but we now have got confirmation from the anthropic side that they intend to use Google Cloud capacity in order to train and serve the next generation of their cloud LLM models. And they'll give given an access of more than a gigawatt of extra capacity in this deal. So, Google shares outperforming the Mag 7 this morning on the back of this confirmation, up 1.4%."

Alphabet is receiving positive momentum following confirmation of a major new contract for Google Cloud, which is expected to provide substantial additional capacity and further propel its stock performance.

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