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Oguz Erkan

Investor, Founder of Capitalist Letters

19 May, 09:48Latest

Blackstone's planned Google TPU cloud venture gives it early exposure to the neocloud opportunity, with far more upside than already optimistically priced neoclouds. Per WSJ, Blackstone will invest $5 billion as majority owner, with Google supplying TPUs, targeting 500 MW by 2027. The timing fits: inference should be 50% larger than training by 2030, with 45% of inference on ASICs versus 5% of training. As basic cloud commoditizes, advantage will come from proprietary hardware and power access. x.com x.com

Oh Come On!

Investor, Venture Capital Background

19 May

Blackstone's $5B TPU cloud venture with Google looks like the lowest-risk play in AI data centers. Per The Transcript, the venture will bring 500MW of capacity online by 2027 to meet growing TPU demand. Partnering with the world's leading compute user leaves Blackstone the least dependent on outside customers, with the strongest-balance-sheet customer, and the unemployed use Google even more. x.com

mon

Independent Analyst, High-Risk Small-Cap & Growth Investing

28 Oct

NBIS

CRWV

IREN

Google's use of third-party compute amid its own supply constraints creates demand for neoclouds such as IREN, Nebius and CoreWeave. Google's CFO said usage started at the end of Q3 and will ramp in Q4; Google spent $51.4 billion on capex, more than double a year ago, and expects a significant increase in 2027. IREN and Nebius stand out because their contracts carry large prepayments. The opportunity favors operators that secure power, deliver capacity on time and serve customers profitably. … Show more

Terry

Private Fund Portfolio Manager & Trader

29 Oct

GOOG

Google's advertising business is losing ground to Meta and others, while Cloud, including TPU hardware sales, has not yet delivered the growth driving its AI transition. The shift from search to an AI-infrastructure "shovel seller" has not succeeded yet, so a bullish turnaround case still requires waiting for stabilization before considering a bottom. x.com

Trade Whisperer

Memory Engineer & Data Scientist, Founder of Blue Pink Candles

29 Oct

DRAM

000660.KS

Google's growing TPU business needs HBM, adding demand for Micron, SK hynix and the memory basket. Google Cloud rose 103% to $30.7B, with backlog reportedly $561B; UBS models more than double TPU shipments in 2027. Micron should be up double digits on this, not down 5%. Samsung has LTAs with 10 major customers and is negotiating with 10 more, targeting 60-70% of capacity under contract. x.com x.com

Alexander Bittan

Long-Term Frontier-Technology Investor, Neuralink/Anduril/Perplexity

22h ago

GOOGL

Google Cloud's accelerating growth positions it to lead the AI cloud market, strengthening Alphabet beyond Search. It may pass Azure next quarter, then AWS, rising from #3 to #1 in 18-24 months. Selling its Anthropic stake could fund 12-18 months of capex and buybacks, but moving roughly $300B at market price without harming their TPU and Cloud partnership is unlikely. Alphabet is cheaper than Anthropic on sales or earnings multiples; the market likely expects a 2027 capital raise. x.com x.com … Show more

Quality Equities

Quality Equity Investor, Concentrated Portfolios

4 Oct

GOOGL

Alphabet's ownership of the whole AI stack, from chips to cloud to distribution, gives it a structural cost advantage rivals can't easily copy. It alone designs its own TPUs, runs a global cloud and owns Search, Android, YouTube and Workspace, so aggressive inference pricing is a strategic weapon. As inference overtakes training, case studies show moving workloads from GPUs to TPUs can cut operating costs by over 50%. Microsoft and Amazon are building custom chips, but Alphabet is years ahead. … Show more

Alex A.C.

Value/GARP Investor, Semiconductor & Financial Analysis, Electronics MEng

28 Oct

NBIS

Nebius' software efficiency and a possible end to heavy AI financing support a re-rating. Per @DrTomsLens, its engineers got about 43% more video output from the same GPUs, cutting compute cost per second by 30%; newer hardware alone is not enough without capable software teams. Oracle expects to fund growth from free cash flow in FY2029, suggesting capital-heavy AI providers may eventually outgrow debt and dilution. Google Cloud reported 103% revenue growth amid strong AI infrastructure demand. … Show more

Ben Pouladian

Founder of BEP Research, AI Compute Economics

29 Oct

GOOGL

Google's allocation of massive TPU capacity to Anthropic strains its own AI effort while its researchers face compute constraints. CNBC reported internal tension; Anthropic competes with Gemini. Google should keep more TPUs for its own AI and buy more NVIDIA GPUs to rent to cloud customers, serving CUDA developers alongside Gemini. Selling TPU systems changes the equation, but Alphabet does not disclose TPU margins, so NVIDIA-like economics cannot be assumed. x.com

Kairos

Stock Research

15 Oct

MRVL

Marvell's end-to-end networking approach is well suited to heterogeneous GPU, CPU and ASIC compute and mixed optical/copper technologies. Its shift from AI loser to winner deserves a lot of credit: its old custom-ASIC focus had lost out to Broadcom and Alchip, but it is now back in ASICs as Google's TPU v10 partner. The stock's excellent run reflects how it is now perceived. x.com

Brad Thomas

Founder & Lead Analyst of Wide Moat Research

14 May

BXDC

Blackstone Data Centers brings an institutional-grade data center platform to public markets just as AI-driven infrastructure demand accelerates globally. The listing is notable because Blackstone has spent years taking discounted REITs private, including American Campus Communities and PS Business Parks, when buying whole companies was cheaper than buying their properties one by one. x.com x.com

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