Source item
Open original source ↗$GOOG dips slightly more. Now down 4% on CFOs comment that Cloud margins they will go down in the back half of this year because they need to go to third parties, aka $SPCX , to meet the demand. $GOOG
As for TPU's would not answer the question about margins on TPU vs Cloud, now at 35.6% which is a record. TPUs are likely dilutive to margins but it's still small.