TPU

$4.8 Trillion and Climbing Alphabet just crossed $4.8 trillion in market cap. Nvidia sits at $5.2 trillion. The gap is closing fast. A year ago, this race wasn’t even a conversation. Google was the “search company with an AI problem.” Now it’s the integrated AI powerhouse that Wall Street can’t stop buying. The stock is up 160% in twelve months. What changed? Everything — and nothing. Google always had the pieces. It just took the market a while to notice they’d assembled them. ...

Nvidia has owned the AI chip conversation for three years straight. That era might be ending — not with a bang, but with a procurement spreadsheet. Over the past 48 hours, Google quietly revealed the most aggressive custom silicon strategy in the industry: a four-company chip design alliance spanning Broadcom, MediaTek, Marvell, and Intel. Each partner handles a different piece of the puzzle. Together, they represent something Nvidia should lose sleep over. ...