TPU external sales open up new opportunities; BNP Paribas raises Google (GOOGL.US) target price to $450, implying 28% upside.

Zhito Finance APP has learned that BNP Paribas has raised its price target on Google parent Alphabet (GOOGL.US) from $420 to $450, citing the potential revenue from external sales of its self-developed AI chip, the Tensor Processing Unit (TPU).