Nvidia shares drop on report Meta may buy AI chips from Google
NegativeArtificial Intelligence

- Shares of Nvidia Corp. fell by 2.6% following reports that Meta is considering purchasing Google LLC's Tensor Processing Units (TPUs) for artificial intelligence applications, a deal potentially worth billions. This partnership could begin as early as next year, with Meta expected to lease TPUs hosted by Google.
- The decline in Nvidia's stock price reflects growing concerns about its competitive position in the AI chip market, particularly as Meta's potential investment in Google's TPUs signals a shift in alliances that could impact Nvidia's market share and revenue.
- This development highlights the intensifying rivalry between Nvidia and Google in the AI sector, as both companies vie for dominance in the chip market. With Meta's interest in Google's TPUs, the competitive landscape is evolving, raising questions about Nvidia's future growth amid broader market uncertainties regarding AI investments.
— via World Pulse Now AI Editorial System







