Market Overview Alphabet Inc. $Alphabet(GOOG)$ the tech giant behind Google, YouTube, and Google Cloud, is making headlines not only for its AI advancements but also for its pioneering commitment to sustainable energy. Alphabet recently signed a landmark agreement to source nuclear power from small modular reactors developed by Kairos Power, aiming to supply 500 megawatts of carbon-free energy to U.S. grids by 2035. This aligns with Alphabet’s ongoing growth in AI and cloud, which significantly contributed to its $85 billion revenue in Q2 2024. Alphabet's aggressive moves in AI, coupled with its commitment to green energy, position it uniquely among FAANG stocks. For investors, these steps provide a promi
Google Signs Deal to Buy Nuclear Power from Small Modular Reactors
Alphabet's Google has signed a corporate agreement to buy power from multiple small modular reactors developed by Kairos Power. This is the world's first corporate deal of its kind, and it will provide Google with nuclear energy to power its AI needs. The agreement highlights Google's commitment to sustainable and clean energy sources.