Google Parent Alphabet Shares Are Trading Higher Friday: What's Going On?
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Alphabet Inc. shares rose 3.09% to $261.60 after Anthropic announced an expansion of its use of Google Cloud technologies, including up to 1 million TPUs, valued in the tens of billions. This expansion aims to meet growing customer demand and enhance AI research. Anthropic's large accounts have increased nearly sevenfold in the past year. Alphabet will report its Q3 earnings on Wednesday, with analysts estimating earnings per share of $2.29 and revenue of $99.80 billion.
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