TechFlow news, November 26 — CMB International published a research report stating that Google Cloud, under Alphabet, recently secured an AI cloud contract with NATO. It will provide a dedicated secure cloud system to ensure sensitive data is accessed and stored only within the region, while leveraging AI to assist NATO in data analysis and operational efficiency improvements. Additionally, reports indicate Google is competing for Meta's multi-billion-dollar TPU order. These recent developments demonstrate Google's active pursuit of market opportunities, reinforcing its solid AI leadership position and potentially alleviating investor concerns over competition. The firm maintains that tech giants like Google are well-positioned for sustainable AI development, anticipating significant unrealized valuation potential as Google expands beyond search advertising into cloud computing, autonomous driving, and AI+SAAS. CMB reiterates its "Buy" rating on Alphabet, raising the target price from $360 to $390. (Jinshi)
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