Google's AI Chip Rollout Amid Market Sell-Off

2 months ago

"Now, amongst this big sell-off, there are a few companies that are at least holding up right now. Google's one of them. It's sticking in the green, just barely teetering in the green, despite the fact that the rest of the market is selling off heavily and the QQQ, the mega caps, are selling off even more. Why is Google doing so well? Because Google has even more good news. The company said on Tuesday that the seventh generation of its tensor processing unit, the TPUs, called Ironwood, will hit the market for public use in the coming weeks after it was initially introduced in April for testing and deployment. If the market wasn't having a big panic attack today and selling off 2%, Google would be up two to three% on this news. There's no doubt about it."

The speaker highlights that even amid a broad market sell-off, Google remains resilient due to strong product news. Its announcement of the Ironwood TPU—a seventh generation AI chip designed for demanding models—demonstrates innovation that could further bolster its competitive positioning against rivals.

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