BlockBeats News, July 20th, according to BIT (bit.com) market data, Alphabet's stock price rose by about 2.8% on Monday, driving the total wealth of Google's co-founders Larry Page and Sergey Brin to increase by approximately $15 billion.

Alphabet is developing a new AI chip, internally codenamed "Frozen v2". Google engineers expect the chip to achieve up to 10 times higher energy efficiency compared to the previous generation. The market believes that this chip is expected to alleviate Google's AI computing power shortage issue and improve the efficiency of the Gemini model.

Boosted by the news, Alphabet's stock price rose above $356, reversing the previous two days of cumulative 6.5% decline.

According to Forbes' estimates, Page and Brin's wealth increased by approximately $8 billion and $7.4 billion, respectively, due to the rise in stock value. Currently, Page's net worth is about $292.4 billion, ranking as the world's second-richest person, second only to Elon Musk; Brin's net worth is about $269.7 billion.

Reports indicate that Alphabet plans to deploy the "Frozen v2" chip as early as 2028 to alleviate internal AI computing resource constraints. Previously, Google Cloud had to reject some customer demands due to insufficient computing power.

Alphabet is expected to release its second-quarter earnings report this Wednesday. The market estimates that the company's Q2 revenue will reach $117.1 billion, a 21% year-over-year increase; the estimated earnings per share are $2.90, a 25% year-over-year growth. Meanwhile, Alphabet's AI infrastructure investment continues to increase, with quarterly capital expenditures expected to rise to about $45 billion.

Over the past year, Alphabet's stock price has accumulated an increase of about 87.5%, and since 2026, it has risen by about 13%. As the competition in AI infrastructure intensifies, Google is consistently ramping up its efforts in self-developed chips, cloud computing, and the Gemini ecosystem.