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Stock impact report

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft [CNBC]

Datadog, Inc. - Class A (DDOG) 
Last datadog, inc. - class a earnings: 2/13 04:10 pm Check Earnings Report
Company Research Source: CNBC
At its Cloud Next conference in Las Vegas on Tuesday, the company said the new processor will become available later in 2024. With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon and Microsoft, which have been employing a similar strategy for years. The tech giants compete fiercely in the growing market for cloud infrastructure, where organizations rent out resources in faraway data centers and pay based on usage. Google parent Alphabet still derives three-quarters of revenue from advertising, but cloud is growing faster and now represents almost 11% of company revenue. The segment, which contains corporate productivity applications, is also profitable . Google held 7.5% of the cloud infrastructure market in 2022, while Amazon and Microsoft together controlled around 62%, according to Gartner estimates Market leader Amazon Web Services introduced its Graviton Arm chip in 2018. “Almost all their services are already ported and optimized on the Arm ec Show less Read more
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