Stock Market Update
19-May-26 08:32 ET
Blackstone and Alphabet to form new TPU company
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -27.00. Nasdaq futures vs fair value: -209.00.
The S&P 500 futures currently trade 27 points below fair value.
Blackstone (BX 118.04, +1.00, +0.9%) announced a joint venture with Alphabet (GOOG 395.13, +2.02, +0.5%) to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud's Tensor Processing Units (TPUs) as a compute-as-a-service offering. The company will give customers another option to access cloud TPUs in addition to using them through Google Cloud.
