Alphabet Shares Up 1.7% After Chip Launch

Alphabet's stock rose 1.7% on April 22, 2026 after unveiling eighth‑gen TPU chips at Cloud Next ’26.
Google Cloud introduced TPU 8t and TPU 8i, delivering three‑fold performance gains and scaling up to 9,600 chips with 2 PB memory.
A $750 million fund was announced to support 120,000 partners developing agentic AI, while Gemini Enterprise saw 40% QoQ paid‑user growth.
Google Cloud customers now process >16 billion tokens per minute (up from 10 bn) and 330 customers handled over a trillion tokens last year.