Google Cloud Is The Only Major Hyperscaler Gaining Market Share In 2024 [Seeking Alpha]
Alphabet Inc. - Class C Capital Stock (GOOG)
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MSFT AMZN MSFT:CA AMZN:CA Nexus Research 3.52K Follower s Follow Play (14min) Summary Google Cloud is running circles around Microsoft Azure in terms of in-house chips and is still ahead of AWS on this front, which is cultivating into market share gains. Thanks to its leadership in custom TPUs, Google has been successfully accelerating revenue growth, seizing more market share, and expanding profit margins all at the same time, which is remarkable. While the bears were caught off-guard by the 5% jump in Google Cloud's profit margin, it's likely not surprising for investors that comprehensively understand Alphabet's savvy AI strategies beneath the surface. 400tmax/iStock Unreleased via Getty Images Aside from the major chip players, the three big cloud providers are also perceived to be the ‘picks and shovels' of this AI revolution. Currently, Alphabet Inc.'s ( NASDAQ: GOOG NASDAQ: GOOGL ) Google Cloud This article was written by Nexus Research 3.52K Follow
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