Google designs its own Axion CPUs and TPUs, cutting dependency on Intel and Nvidia, and is using them at scale in YouTube and data centers. If the market realizes CPUs are critical for AI orchestration, Google’s vertical integration should boost margins and cloud competitiveness, rewarding the stock. GOOGL may reprice higher as investors recognize its internal hardware advantage, even without selling chips externally. Google doesn’t sell chips to third parties, so direct revenue from Axion is absent; market focus on external chip sellers may persist; competitive pressure from AMD/Intel and cloud rivals. No other actionable trade ideas in this post.