Google chips threaten Nvidia: Stock drops $250B; claims 'we lead industry'
Nvidia, the AI chip giant, publicly defended its market dominance after reports surfaced of Meta Platforms considering billions in spending on Google's competing AI chips. This news sent Nvidia's stock down significantly, while Alphabet shares rose. Google's Tensor Processing Units (TPUs) are emerging as a serious challenger, with Meta potentially renting them from Google Cloud.
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