Jul 20, 2026 · 5 min

Alphabet designs custom AI chips while AMC beats earnings expectations

Alphabet Gains, Hut 8 Rises, AMC Jumps After 2Q Adj. Ebitda Beats Estimates

Major corporate shifts in AI hardware, data center infrastructure, and consumer entertainment are reshaping market valuations and tech strategies.

3 key takeaways

1Alphabet is designing a custom server chip to optimize its Gemini AI model and reduce reliance on external hardware.
2Hut 8 is expanding its Texas data-center footprint with a 15-year lease to pivot into high-performance computing.
3AMC Entertainment beat second-quarter earnings expectations due to a significant surge in theater attendance.

Don't miss

Matthew Griffin details how Alphabet plans to integrate its Gemini AI model directly into its custom chip design pipeline.

The brief

Alphabet is developing a new custom server chip designed to optimize its Gemini artificial intelligence model, signaling a deeper push into proprietary hardware to power the next generation of AI workloads.

Cryptocurrency miner Hut 8 is pivoting toward broader digital infrastructure, securing a major 15-year lease expansion for its Texas data-center campus to support high-performance computing.

AMC Entertainment surged after posting a strong second-quarter adjusted EBITDA beat, driven by a resurgence in theater attendance that outpaced market expectations.

What was said on this episode

7 statements · 6 positive · 1 negative

Matthew Griffinon Google Gemini chip designPositive1:15
Integrating Gemini into chip design could improve efficiency and address Google's AI-computing shortfall.
“The goal there to help Gemini run more efficiently and ultimately in the bigger picture help the technology giant deal with a shortfall in AI computing.”
Listen at 1:15
Matthew Griffinon Google Frozen chipPositive1:32
Google plans to deploy its new Frozen chip as soon as 2028.
“the report says the company plans to deploy this new frozen chip as soon as 2028.”
Listen at 1:32
Matthew Griffinon Hut 8Positive2:14
Hut 8 has pivoted from Bitcoin mining to data-center computing.
“This company has pivoted from bitcoin mining into data center computing.”
Listen at 2:14
Matthew Griffinon Hut 8 pivot to data-center computingPositive2:20
Hut 8's rally indicates investors are rewarding its shift to data-center computing.
“This rally the latest sign investors are rewarding this kind of pivot.”
Listen at 2:20
Matthew Griffinon American BitcoinNegative2:31
American Bitcoin shares are down about 80% this year.
“Those shares down about 80% this year.”
Listen at 2:31
Matthew Griffinon Hut 8Positive2:34
Hut 8's stock has more than doubled.
“Hut 8, that's ticker hut has more than doubled.”
Listen at 2:34
Matthew Griffinon AMC Entertainment Holdings, Inc.Positive2:40
AMC shares rose about 16% after second-quarter profit beat expectations.
“AMC, I've got another gainer for you up about 16% now that's ticker AMC after the movie theater chain reported second quarter profit that beat expectations.”
Listen at 2:40

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.

Featuring

MGMatthew Griffin

Mentioned

Google GGemini H8Hut 8 AEAMC Entertainment Holdings, Inc.

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