At its annual cloud computing event, Google-parent Alphabet unveiled a seventh-generation, internally developed processor chip and new artificial intelligence services. Also, Google said it will make its global communications network available to enterprise customers for the first time. Google stock rose a fraction amid the news.
Alphabet hosted the Cloud Next 2025 conference in Las Vegas. Google said its seventh-generation chip, called Ironwood, will be available to cloud customers in late 2025. Ironwood is more than 10 times more powerful than its predecessor, Google said. Google calls its homemade chips tensor processing units, or TPUs.
Also, Google updated plans to offer Nvidia accelerators. Google said its cloud business will be among the first to offer Nvidia's upcoming Vera Rubin accelerators.
According to Google, the global Cloud Wide Area Network will provide enterprise customers with "improvement of up to 40% in network performance, while simultaneously reducing total cost of ownership by up to 40%."
Further, Google said customers will be able to build applications at their own internal data centers using its Gemini family of AI models via a distributed cloud platform. The Gemini service will start in the September quarter.
Google said its cloud Vertex now features tools using autonomous, goal-driven AI agents. The AI agents perform tasks, unlike conversational co-pilots.
On the stock market today, Google stock rose a fraction to 145.
Meanwhile, Google stock has retreated 23% in 2025.
Google Stock: Technical Ratings
Google stock holds an Accumulation/Distribution Rating of E, according to IBD Stock Check-up. The institutional ownership rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Further, Alphabet stock holds an IBD Composite Rating of 76 out of a best possible 99. IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.
Meanwhile, Google stock has a 21-day ATR of 3.40. The average true range is a metric available on IBD's MarketSurge charting tool. It gauges the characteristic breadth of a stock's behavior. Stocks that tend to make large jumps or dives in daily action, the kind that can trigger sell rules and shake investors out of a stock, have a high ATR. Stocks that tend to make more incremental moves have lower ATRs.
In the current, unpredictable market, IBD suggests stocks with ATRs of 3 or below.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
