Alphabet Class C ( (GOOG) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Alphabet Class C continues to double down on artificial intelligence infrastructure and efficiency, moves that could be significant for long‑term investors. The company is reportedly backing a more than $5 billion Nexus Data Centers project in Texas that will serve Anthropic, one of the leading AI start‑ups. The 2,800‑acre site is expected to deliver about 500 megawatts of capacity by late 2026 and is positioned near major gas pipelines so it can run on its own gas turbines rather than relying fully on the public grid, helping control energy costs and improve reliability.
This investment strengthens Alphabet Class C’s strategic partnership with Anthropic, which already uses Google Cloud’s custom TPU chips to train large language models, in turn feeding performance and scale into Google’s Vertex AI platform. At the same time, Google has unveiled new algorithms—TurboQuant, Quantized Johnson‑Lindenstrauss and PolarQuant—aimed at sharply cutting the memory needed to run large AI models, which could make AI cheaper and faster to deploy and has already pressured memory‑stock prices. Wall Street remains upbeat on Alphabet Class C, with a Strong Buy consensus rating and an average price target of about $376.57, implying roughly 30%–37% upside over recent trading levels, underscoring optimism that its AI bets will translate into shareholder returns.