CNBC Television
05 Nov 2026, 12:55 UTC · 8h ago
Compute scarcity favors Big Tech after midterms, says The Information's Jessica Lessin
Impact · against what's priced in
The news that compute scarcity favors Big Tech is not a catalyst for Google. The market already assumes current cloud growth rates and is explicitly not paying for the acceleration that such a scarcity-driven advantage would provide.
- GOOGL+0.10
Challenges what's priced in
- The price assumes
Cloud growth sustaining at or above 40%
The article suggests compute scarcity gives Big Tech a structural advantage, which supports the cloud growth acceleration the market currently refuses to pay for. However, the impact is muted as the price already reflects a strong 35.8% growth baseline.
What GOOGL's price assumes · Sep 2
Top 1 mover · tap to explore
