By Don Lair
Publication Date: 2026-05-09 17:27:00
Quick Read
Apple (AAPL) booked over 50% of TSMC’s 2nm capacity for 2026 A20 and M5 chips and locked in multi-year HBM memory supplies through 2026 with its $123B cash position, while Google and partners compete for residual 3nm wafers and face 80-90% higher spot memory prices. Alphabet (GOOGL) reported 63% Cloud growth but Q1 CapEx jumped 107% YoY to $35.67B, with management targeting $180B in 2026 CapEx that will pressure free cash flow.
Apple’s control over advanced silicon and memory secures its margin advantage for the next decade of XR devices, while Google’s open-platform approach and massive capital spending chase scale but sacrifice capital efficiency.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Apple wasn’t one of them. Get them here FREE.
Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) both just reported, and the contrast runs deeper than the headline numbers suggest. Apple posted its best March quarter ever. Alphabet…
