GOOG Barclays TPU-as-a-service boosting Alphabet GOOG GOOGL estimates by 15% Barclays says Alphabet's Google is starting one of its largest
GOOG Barclays TPU-as-a-service boosting Alphabet GOOG GOOGL estimates by 15% Barclays says Alphabet's Google is starting one of its largest new business models to increase AI capacity industry-wide, tensor processing units-as-a-service. Google is rolling out the product with Anthropic, and potentially with others down the road, the analyst tells investors in a research note. Barclays thinks the effort could boost 2028 consensus gross profit estimates by 15% and operating income numbers by more. The firm increased its Google Cloud revenue and operating income estimates "significantly" after a full rebuild of the company's model. The tensor processing units-as-a-service effort may reverse some of Google's future capex growth, as this asset-light approach to AI infrastructure helps capital efficiency, adds Barclays. It keeps an Overweight rating on Alphabet with a $425 price target.
GOOG Barclays TPU-as-a-service boosting Alphabet GOOG GOOGL estimates by 15% Barclays says Alphabet's Google is starting one of its largest new business models to increase AI capacity industry-wide, tensor processing units-as-a-service.
Google is rolling out the product with Anthropic, and potentially with others down the road, the analyst tells investors in a research note.
Barclays thinks the effort could boost 2028 consensus gross profit estimates by 15% and operating income numbers by more.
The firm increased its Google Cloud revenue and operating income estimates "significantly" after a full rebuild of the company's model.
The tensor processing units-as-a-service effort may reverse some of Google's future capex growth, as this asset-light approach to AI infrastructure helps capital efficiency, adds Barclays.
It keeps an Overweight rating on Alphabet with a $425 price target.