Alphabet (GOOGL): Investing Behind AI Demand and TPU Growth

What happened: Broyhill Asset Management said in its Q3 2026 investor letter that it started a position in Alphabet Inc. (NASDAQ:GOOGL) after a post-earnings sell-off in the shares. Key numbers: Broyhill Equity Composite fell 0.3% in Q3 versus a 1.7% gain for the MSCI All Country World Index. Why it matters: Broyhill cited demand exceeding supply and direct TPU chip sales as a route to chip exposure without owning a semiconductor company, and said it would size the position up if valuations compress further. Market: -0.5% today ($319.15), +1.3% YTD, 0.4x vol — as of 18:17 UTC

Broyhill Asset Management said in its Q3 2026 investor letter that it started a position in Alphabet Inc. (NASDAQ:GOOGL) after a post-earnings sell-off in the shares.

Broyhill cited demand exceeding supply and direct TPU chip sales as a route to chip exposure without owning a semiconductor company, and said it would size the position up if valuations compress further. Market: -0.5% today ($319.15), +1.3% YTD, 0.4x vol — as of 18:17 UTC