Google's TPU Sales Could Hit $104B by 2028

Google is making moves in the AI chip market, and analysts think it could be a big win for the company. J.P. Morgan analyst Doug Anmuth raised his price target for Alphabet, pointing to sales of custom Tensor Processing Units (TPUs) to other AI companies. Google Cloud sales already jumped 82% to $24.8 billion in Q2 2026, and Piper Sandler estimates TPU sales could hit $104 billion by 2028. Alphabet reported earnings per share of $9.11, up 294% from a year ago.

Microsoft is proving that AI spending can pay off, even as some investors remain skeptical. Azure cloud revenue surpassed $100 billion for the first time, a 41% increase year over year. The company plans to spend about $175 billion on capital expenditures this year, mostly on AI infrastructure. Its Copilot app now has 30 million paid subscribers, up 50% from a few months earlier. Management expects Azure revenue to grow 45% in fiscal 2027.

TSMC, the world's largest chip foundry, continues to benefit from strong AI demand. CEO C.C. Wei said there is no sign of a slowdown. TSMC expects AI-related chip revenue to grow at a 50% compound annual growth rate from 2024 to 2029. Q3 results showed 51% revenue growth in New Taiwan Dollars and 41% in US dollars. The company makes chips for Nvidia and Apple and now trades at 18 times next year's earnings.

Other companies are also riding the AI wave. Micron's FY 2026 revenue reached $133.2 billion, a 256% increase, with data centers making up about 60% of its business. GE Vernova has a $176 billion backlog as data center power orders doubled to $5 billion in the first half of 2026. Caterpillar's diesel generator backlogs stretch into 2028, with power-generation sales surging 72% year over year.

Beyond the big chip and cloud players, AI is spreading into unexpected areas. Tether invested in AIsa, a startup that helps AI agents discover and pay for services, pushing cumulative funding past $9 million. Workday added governance partners to its Agent Passport platform to make enterprise AI agent usage safer and more auditable. Ralph Lauren launched an AI shopping assistant called Ask Ralph and tied executive bonuses to AI performance goals instead of sustainability targets.

Key Takeaways

  • Alphabet's custom TPU sales could reach $104 billion by 2028, according to Piper Sandler estimates
  • Microsoft Azure revenue surpassed $100 billion, up 41% year over year
  • Microsoft Copilot now has 30 million paid subscribers, up 50% in recent months
  • TSMC expects AI chip revenue to grow at a 50% CAGR from 2024 to 2029
  • Micron's FY 2026 revenue hit $133.2 billion, a 256.3% increase driven by AI memory demand
  • GE Vernova has a $176 billion backlog as data center power orders doubled to $5 billion
  • Caterpillar's diesel generator backlogs stretch into 2028 with power sales up 72%
  • Tether invested in AIsa, an AI agent payment startup, pushing funding past $9 million
  • Workday's Agent Passport added governance partners including Straiker and OneTrust
  • Ralph Lauren launched Ask Ralph AI shopping assistant and shifted executive pay to AI goals

Analyst sees Alphabet stock rising 20% on AI chip sales

J.P. Morgan analyst Doug Anmuth raised his price target for Alphabet, saying AI chip sales could boost the stock. Alphabet began selling its custom Tensor Processing Units to other AI companies. Google Cloud sales already jumped 82% to $24.8 billion in the second quarter of 2026. Piper Sandler estimates processor sales could reach $104 billion by 2028. Alphabet will report third-quarter results on Oct. 28.

Micron vs Sandisk: Which AI memory stock is better?

Micron Technology and Sandisk are both benefiting from strong AI memory demand in 2026. Micron focuses on DRAM and NAND, with data centers making up about 60% of its revenue. Its FY 2026 revenue reached $133.2 billion, a 256.3% increase. Sandisk specializes in flash storage and reported FY 2026 revenue of $20.2 billion with a net margin of 56.5%. Micron appears more affordable with a forward P/E of 7x compared to Sandisk's 8x.

Microsoft bucks AI stock concerns with Azure growth

Some investors worry about high AI infrastructure spending, but Microsoft shares rose about 8% over the past month. Azure cloud revenue surpassed $100 billion for the first time, a 41% increase from the prior year. Microsoft plans to spend about $175 billion on capital expenditures this year, mostly on AI infrastructure. Its Copilot app has 30 million paid subscribers, a 50% jump from a few months earlier. Management estimates Azure revenue will grow 45% in fiscal 2027.

GE Vernova vs Caterpillar in AI power build-out race

GE Vernova and Caterpillar both benefit from surging demand for power from hyperscalers building AI infrastructure. GE Vernova supplies power equipment and has a backlog of $176 billion. Data center orders in its electrification segment doubled to $5 billion in the first half of 2026. Caterpillar's backup power systems are in high demand, with diesel generator backlogs stretching into 2028. Its backlog stands at $72 billion, and power-generation sales surged 72% from last year.

Taiwan Semiconductor shows why it is a top AI investment

Taiwan Semiconductor Manufacturing reported another strong quarter driven by AI demand. CEO C.C. Wei said AI chip demand is extremely robust with no sign of slowdown. TSMC expects AI-related chip revenue to grow at a 50% compound annual growth rate from 2024 to 2029, and possibly higher. The company's Q3 results showed 51% revenue growth in New Taiwan Dollars and 41% growth in US dollars. TSMC now trades for 18 times next year's earnings estimates.

Alphabet stock may rise 20% on custom AI chip sales

Alphabet is selling its custom AI processors called Tensor Processing Units (TPUs) to other companies. J.P. Morgan analyst Doug Anmuth raised his price target for the stock. Piper Sandler analyst Thomas Champion estimates TPU sales could reach $104 billion by 2028. Google Cloud sales grew 82% to $24.8 billion in the second quarter of 2026. Alphabet reported earnings per share of $9.11, up 294% from a year ago.

Alphabet stock may rise 20% on custom AI chip sales

Alphabet is selling its custom AI processors called Tensor Processing Units (TPUs) to other companies. J.P. Morgan analyst Doug Anmuth raised his price target for the stock. Piper Sandler analyst Thomas Champion estimates TPU sales could reach $104 billion by 2028. Google Cloud sales grew 82% to $24.8 billion in the second quarter of 2026. Alphabet reported earnings per share of $9.11, up 294% from a year ago.

Microsoft keeps growing AI despite investor doubts

Some investors worry that AI infrastructure spending may not pay off. Microsoft is spending about $175 billion on capital expenditures this year, mostly on AI infrastructure. Azure cloud revenue surpassed $100 billion for the first time in fiscal 2026, a 41% increase from the previous year. Microsoft's Copilot app has 30 million paid subscribers, up 50% from a few months prior. Azure revenue is expected to grow 45% in fiscal 2027.

TSMC shows why it is a top AI investment

Taiwan Semiconductor Manufacturing (TSMC) is the world's largest chip foundry and makes chips for companies like Nvidia and Apple. CEO C.C. Wei said AI demand is extremely robust with no sign of slowing. TSMC's Q3 results showed 51% revenue growth in New Taiwan Dollars and 41% growth in US dollars. Profits rose 69% year over year. TSMC had guided for AI chip revenue to grow at a 50% compound annual growth rate from 2024 to 2029.

TSMC shows why it is a top AI investment

Taiwan Semiconductor Manufacturing (TSMC) is the world's largest chip foundry and makes chips for companies like Nvidia and Apple. CEO C.C. Wei said AI demand is extremely robust with no sign of slowing. TSMC's Q3 results showed 51% revenue growth in New Taiwan Dollars and 41% growth in US dollars. Profits rose 69% year over year. TSMC had guided for AI chip revenue to grow at a 50% compound annual growth rate from 2024 to 2029.

Tether invests in AIsa, an AI agent payment startup

Tether joined AIsa's seed extension round as a strategic investor alongside HIVEN. The startup builds infrastructure for AI agents to discover, access, and pay for external services. Cumulative funding has surpassed $9 million. Existing investors include Alibaba, Tribe Capital, and Sumitomo Corporation. The investment supports Tether's push to expand stablecoins as a payment method for the AI agent economy.

Tether AI investment lifts AIsa funding past $9 million

Tether Capital, Tether's El Salvador-based investment arm, confirmed the funding on October 15. AIsa's platform connects enterprise AI agents to paid data, tools, and APIs through a single account with spending controls and transaction approvals. The network supports over 250,000 operating agents and has processed 100 million transactions worldwide. Payments can be made in conventional currencies or stablecoins. AIsa reported $6.5 million in cumulative funding in July, meaning the funding has grown by more than $2.5 million since then.

Workday's Agent Passport gains new AI governance partners

Workday's Agent Passport platform is emerging as a trust layer for enterprise AI agents. Straiker plans to integrate with Agent Passport to provide independent AI agent red-teaming and cryptographically signed security stamps. OneTrust will connect to supply audit-ready governance evidence for agent-based HR and finance workflows. These partnerships aim to make AI agent usage safer and easier to audit for large enterprises. The integrations still need to translate into measurable AI agent consumption.

Oracle demos memory-aware harness for AML AI agents

Nacho Martinez, an AI Developer Advocate at Oracle, built a memory-aware harness for anti-money laundering on AI Engineer. The demo used a simulated bank workshop with five suspicious transaction types. Martinez argued that smaller context windows perform better than larger ones for specific problems. His Pi harness injects about 6,000 tokens per request compared to 30,000 to 40,000 tokens for other harnesses. Attendees accessed the lab via GitHub CodeSpaces with an agent loop capped at 8 iterations and 60 seconds per iteration.

AI sales coaching platforms for insurance compared

An article compares 11 AI sales coaching platforms designed for the insurance industry. It explores whether agents should practice with AI buyers or have AI grade the calls they already made. The comparison is structured as a buyer's checklist to help insurance companies evaluate their options. The article provides a side-by-side look at features and capabilities across multiple platforms.

AI Stock Gains Show Past Big Projects Also Faced Risks

AI stocks like Nvidia have risen but their gains are modest compared to soaring profits. Investors worry the current AI boom may face the same problems as past massive projects like railways and the internet. Extraordinary profits help hide risks and reassure buyers, but history suggests caution is needed.

DeepSeek AI Tools Could Test Tencent Music Growth Story

Tencent Music faces pressure from AI integration and competition from ByteDance's Soda Music. DeepSeek AI tools must prove that smarter recommendations keep users inside Tencent Music apps without raising content costs. Profit margins have fallen from 33.8% to 26.3% even as revenue growth is expected in the mid single digits.

Ralph Lauren Ties Executive Pay to AI Goals

Ralph Lauren is launching an AI shopping assistant called Ask Ralph and shifting executive bonuses from sustainability targets to AI performance goals. The company sees steady demand from higher income customers in North America and strong momentum in Asia. AI-driven productivity and better conversion could help support margins if other pressures bite.

AI Company Antropics to Donate Stake to Public Fund

Antropics, an AI company preparing for a major IPO, will contribute 5% of its stake to a public interest fund. The fund could grow larger as the company's value increases, with about 20% of total stakes planned for public interest use. Antropics cited AI's impact on the labor market and reported Q3 revenue of $18.8 billion with an adjusted operating margin above 11%.

Uniti Group Launches AI Security Product Amid Stock Slide

Uniti Group launched a new AI Security product targeting risks from unsafe employee use of AI tools and data leaks. The stock has fallen 41.9% over 30 days despite the launch, with fair value estimated at $10.25 versus a last close of $5.60. The company plans to reach 3.5 million homes passed with fiber coverage and expects $1.5 billion in hyperscaler contracts.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

AI Chip Market Google TPUs Alphabet Earnings Microsoft Azure AI Infrastructure TSMC Chip Foundry AI Demand Micron Revenue GE Vernova Backlog Caterpillar Power Sales AI Agent Payment Workday Agent Passport Ralph Lauren AI Shopping

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