Nvidia fell more than four percent in morning trading after reports emerged that Mark Zuckerberg’s Meta is in talks to spend billions on Google’s AI chips, potentially establishing them as a viable alternative to Nvidia’s industry-leading offerings.
Bloomberg reports that Nvidia shares are taking a hit following reports that Mark Zuckerberg’s Meta is engaged in discussions to invest billions of dollars in Google’s AI chips. Known as tensor processing units (TPUs), these chips are poised to challenge Nvidia’s long-standing dominance in the AI accelerator market.
According to a report from the Information, which cited an unnamed source familiar…
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