Alphabet holding steady as market digests chip tariffs and Taiwan trade deal

The stock for Alphabet Class C (GOOG) is trading slightly lower, down 0.39% to $331.87, as investors digest the implications of the new U.S.-Taiwan $500 billion trade pact and clarified AI chip export regulations.

• The new regulations introduce a 25% tariff on high-end AI semiconductors, though exemptions are provided for U.S. data centers, creating potential headwinds for cloud infrastructure.
• The pact is balanced by Taiwan's pledge of a $250 billion investment in American chip capacity, while Google Cloud continues to show strong fundamentals, growing 34% last quarter.
• Alphabet recently surpassed Apple in market capitalization following Apple's decision to integrate Google Gemini into Siri.