GOOGL Stocks Surge Amid TPU Demand and Bullish Outlook

Alphabet-A's stock price rose 3.02% on September 11th, fueled by dual catalysts: reports of Blackstone increasing its Google Tensor Processing Units (TPU) purchases and a bullish investment bank outlook on cloud revenue potential.

The world's largest alternative asset manager, Blackstone, is reportedly seeking to procure TPU units at volumes described as 'multiples' of the original amount disclosed when the two firms announced their joint partnership.

Additionally, a recent report revealed that rate-hike expectations moved towards 90%, yet stocks continued to rally, with the S&P 500 gaining 0.86%, the Nasdaq 0.96%, and the Dow 0.98%.