Let me explain why Google (goog) should become the core alpha and largest position in your AI basket: 1. Google TPU rental = the first real threat to Nvidia (nvda) Google is about to allow businesses to freely rent TPUs, rather than previously offering them strategically to Anthropic only. This will be the first substantial challenge to Nvidia's dominance in GPUs since the AI era began. 2. Nvidia sees the threat and is rushing to lock in customers with 'supplier financing' Switching AI hardware architecture is extremely costly, and ecosystem transitions are difficult. Nvidia has realized Google's threat and is desperately using financing to lock in customers. With Google entering the game, this strategy will be put to the test. 3. When asked how to respond to Google's TPU threat, the leather jacket master (Jensen Huang) gave no numerical guidance for the first time and expressed genuine uncertainty for the first time. 4. Since the GPT era began, Nvidia's stock has risen more than tenfold, while Google's has only doubled. Google's cost-performance ratio is much higher than Nvidia's. #AI #Google #Nvidia #TPU #GPT #Investing