US EditionNvidia and Other Big Chipmaker Stocks Are Tanking as AI Competition From Google Heats Up
- Nvidia and AMD shares faced significant drops of 6% and 10%, respectively, following a report indicating that Meta might purchase billions of Google's AI chips in the future.
- Alphabet's stock increased by 4% as the company continues to gain dominance in the AI market, while the Nasdaq index dropped by 1%.
- Meta has expressed intentions to invest up to $72 billion in capital expenditures next year, primarily for AI infrastructure and data centers.
- David Morrison, a senior market analyst at Trade Nation, noted that investors seem quite nervous regarding the recent volatility in the tech sector.
17 Articles
17 Articles
According to a report, Meta plans to use Google processors for its new AI data centers, which would make the tech company the direct competitor of the chip giant Nvidia. Investors react.
(Seoul = Yonhap News) Reporter Kim Tae-gyun = Google, which has been criticized for falling behind in the global artificial intelligence (AI) race, has launched an all-out pursuit. "The sleeping giant is completely...
Nvidia vs Google: The fight for AI chip supremacy
Nvidia insisted on Tuesday that its technology is a generation ahead of the industry, responding to market fears that Google's AI chips could endanger its leading position in AI infrastructure. Nvidia stated on X that it remains a supplier for Google, which has made great AI advances. The firm claims it "is a generation ahead of the industry – it's the only platform that runs every AI model and does it everywhere computing is done." A CNBC repor…
Google is coming for Nvidia
Google is chipping away at chip giant Nvidia’s lead in AI. Nvidia’s shares fell Tuesday after The Information reported that Meta is in talks to use Google’s AI-specialized chips — an alternative to Nvidia’s — for its data centers. It comes shortly after praise for Google’s latest Gemini AI model, which may “be a subtler but more important version of the DeepSeek disruption,” one trader said, referring to the Chinese AI startup that sent Nvidia s…
Nvidia and other big chipmaker stocks are tanking as AI competition from Google heats up
Alphabet CEO Sundar PichaiGetty ImagesNvidia and AMD shares dropped sharply Tuesday on a report that Meta could buy Google's AI chips.Shares of Nvidia tumbled 6% and AMD lost 10%.Alphabet stock, meanwhile, has surged this week as the company gains dominance in the AI trade.It's increasingly looking like Nvidia isn't the only game in town when it comes to AI-enabling hardware.Nvidia stock dropped on Tuesday as investors took in a report that Meta…
The chip giant for artificial intelligence lost up to 7% in the first deals, and then partially recovered
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