--- title: "Understanding the Market | Chip Stocks Strengthen in the Morning, Google Cloud Sees Explosive Growth in Q1, Strong Demand for TPU Chip Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/284688605.md" description: "Chip stocks strengthened in the morning, with Tianzu Zhixin rising 19.69%, Biran Technology up 9.57%, and SMIC increasing 6.23%. Alphabet, Google's parent company, released its Q1 financial report for the fiscal year 2026, with Google Cloud's quarterly revenue surpassing $20 billion for the first time, a year-on-year growth rate of 63.4%. Analysts pointed out that the growth of Google Cloud benefits from strong demand for generative AI infrastructure and TPU chips, with TPU becoming an important resource for AI computing" datetime: "2026-04-30T03:52:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284688605.md) - [en](https://longbridge.com/en/news/284688605.md) - [zh-HK](https://longbridge.com/zh-HK/news/284688605.md) --- # Understanding the Market | Chip Stocks Strengthen in the Morning, Google Cloud Sees Explosive Growth in Q1, Strong Demand for TPU Chip Market According to Zhitong Finance APP, chip stocks strengthened in the morning session. As of the time of publication, TianShuZhiXin (09903) rose 19.69% to HKD 459.6; BiRan Technology (06082) rose 9.57% to HKD 47.18; SMIC (00981) rose 6.23% to HKD 69.9; ChangGuang ChenXin (03277) rose 3.26% to HKD 84; HuaHong Semiconductor (01347) rose 3.61% to HKD 112. On the news front, after the market closed on April 29th Eastern Time, Google's parent company Alphabet submitted a shocking Q1 earnings report for the fiscal year 2026. Among them, as the most dazzling growth segment in the financial report, Google Cloud's performance officially announced its entry into a mature profit phase, with quarterly revenue reaching the USD 20 billion mark for the first time, a year-on-year growth rate of 63.4%, far exceeding last year's USD 12.26 billion. Market analysis indicates that the explosion of Google Cloud is mainly benefited from the strong demand from enterprise-level customers for generative AI infrastructure and customized TPU chips. Previously, Google also reinforced its leading position by investing an additional USD 40 billion in Anthropic and releasing the eighth generation of TPU. It is understood that TPU is one of the best alternatives to NVIDIA chips, and as enterprises compete for computing power to meet AI demands, TPU has become a hot resource. CITIC Securities pointed out that as Google deepens its cooperation with leading AI companies on the next-generation TPU clusters, TPU is becoming an important foundation for frontier model training ### Related Stocks - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [06082.HK](https://longbridge.com/en/quote/06082.HK.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [03277.HK](https://longbridge.com/en/quote/03277.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [600030.CN](https://longbridge.com/en/quote/600030.CN.md) - [06030.HK](https://longbridge.com/en/quote/06030.HK.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Alphabet's (GOOGL) $40B Anthropic Gambit: Why Google Is Doubling Down on Its Biggest Al Rival](https://longbridge.com/en/news/284085625.md) - [Alphabet CEO Sundar Pichai Says Google's Custom Chips, Gemini Models And Cloud Stack Give It Unique AI Edge: 'We Are Compute Constrained'](https://longbridge.com/en/news/284710573.md) - [Google to sell its TPUs to some customers, who also fancy big-G GPUs](https://longbridge.com/en/news/284688671.md) - [Investors Should Buy Broadcom's Stock Before Everything Changes](https://longbridge.com/en/news/284454112.md) - [This unloved chip stock is finally joining the rally. Better late than never.](https://longbridge.com/en/news/284594810.md)