Ratcheting up competition with Nvidia (NVDA), Advanced Micro Devices (AMD) and others, Google parent Alphabet (GOOGL) is developing a new artificial intelligence accelerator targeting specialized servers in cloud computing, according to a report.
Google stock rose on the news as the Nasdaq composite retreated
The new server chip would directly integrate the software blueprint of its Gemini AI model, creating… Related news Stock Market Today: Nasdaq Climbs On Peace Hopes; Sandisk Rebounds, Data Center Plays Rally (Live Coverage) 7/20/2026 The Dow Jones index wavers Monday on rising U.S.-Iran peace hopes. Micron and Sandisk rebound as Nebius bolts higher. 7/20/2026 The Dow Jones index wavers Monday on rising U.S.-Iran peace