EL7.AI
StocksMediumUpdated×3•Originally published 20 July 2026•Updated 20 July 2026•
1 min read

Alphabet Shares Rise as Google Unveils 'Frozen v2' Chip to Power Gemini AI

Gemini processor labeled Frozen v2 and Alphabet logo with a rising green arrow on an orange background.

Key Facts

1Google is promoting its Tensor Processing Units (TPUs) through creative dealmaking and financial incentives for 'neo-cloud' providers.

In a move reflecting the accelerating tech arms race in data centers, Alphabet shares rose following reports that the company is developing a new server chip called 'Frozen v2'. According to reports, this chip is specifically designed to run Gemini AI models more efficiently by permanently embedding parts of the model's architecture directly into the silicon to boost performance and optimize processing power.

This technical innovation strengthens Google's ambitions to reduce reliance on external vendors, particularly as Nvidia continues to dominate the processor market. In comparison to peers, market data shows NVDA closed at $202.81, while MSFT stood at $393.82 and AMD at $500.94 (as of July 17, 2026). Through Frozen v2, Google aims to offer integrated computing solutions that outperform general-purpose processors by tailoring hardware specifically for its large language models.

Traders are currently monitoring GOOGL stock, which closed at $346.77 (as of July 17, 2026), to gauge how the new chip's efficiency will impact operating costs within the cloud division. With markets awaiting forthcoming quarterly earnings from Big Tech, the performance of Google Cloud and indicators regarding the production timeline for Frozen v2 will serve as key catalysts for the stock's momentum.