According to @StockMKTNewz, Google and Palo Alto Networks announced an expanded partnership that a source described as Google Cloud’s largest security services deal to date (source: @StockMKTNewz). The contract includes a multi-year commitment by Palo Alto Networks to pay a sum approaching 10 billion dollars to Google Cloud over several years (source: @StockMKTNewz). For traders, the reported near-10 billion dollar commitment indicates multi-year revenue visibility for Google Cloud and a sizable committed cloud spend by Palo Alto Networks, derived from the figure cited; no payment schedule or margins were disclosed by the source (source: @StockMKTNewz). As a simple directional gauge, if evenly spread across five years this would equate to roughly 2 billion dollars per year, which is arithmetic based on the reported figure; the source did not provide any annual breakdown (source: @StockMKTNewz). The source did not reference any direct impact on cryptocurrencies or tokens (source: @StockMKTNewz).

According to @StockMKTNewz citing The Information, Google (GOOGL) and Meta (META) reportedly signed a $10 billion, six-year deal for Meta to use Google Cloud’s servers, storage, networking, and other services (source: @StockMKTNewz, The Information). According to @StockMKTNewz, the reported size and term imply an average outlay of roughly $1.67 billion per year, or about $417 million per quarter if evenly distributed (source: @StockMKTNewz).