Key facts: HSBC forecasts $10B Google Cloud growth by 2026; Google teams with Anthropic for AI
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- HSBC analysts expect Google's Cloud revenue to rise by $10 billion in 2026, a 13.5% increase, and raised Alphabet's stock target from $285 to $295, keeping a Buy rating.1
- Google Cloud has deepened its partnership with Anthropic, providing access to 1 million tensor processing units (TPUs) for Claude AI model training, enhancing computing power by 2026.234
- Alphabet, Google's parent company, will report earnings the week of October 27, alongside major firms like Amazon, Apple, Microsoft, and Meta, attracting investor interest.5