NVIDIA Aktie News

Nvidia tried to tamp down fears of Google coming for its chip business. A report of Google talking with Meta about chips for its data center sent Nvidia shares falling.

American technology giant Nvidia (NASDAQ: NVDA) has addressed market concerns following reports that Meta Platforms  (NASDAQ: META) is exploring the use of Google's tensor-processing units for its AI workloads.

Nvidia blew past high expectations when it reported quarterly results last week. Its stock is getting hit anyway.

Nvidia shares fell 3% after a report that Meta, one of Nvidia's key customers, could strike a deal with Google to use its tensor processing units for its data centers. Nvidia responded in a statement on Tuesday, saying it "is a generation ahead of the industry.

While investors debate which company will win in the AI chip market, a Bernstein analyst says the question is more about whether or not the market is still growing.

Google has developed its own Tensor Processing Units (TPUs) in-house. Until recently, the company reportedly only used the chips internally.

Major U.S. equities indexes gained Tuesday afternoon, extending Monday's rally to start a holiday-shortened trading week. The Dow Jones Industrial Average was up over 1%, while the S&P 500 climbed 0.5%, and the tech-heavy Nasdaq ticked 0.1% higher.

Samsung (SSNLF) has been a solid contributor to performance after having detracted from results last year. Fox (FOX) benefited from the Murdoch family resolving its disputes and removing the ambiguity of succession. Bolloré (BOIVF) was a detractor for the quarter but the underlying thesis is very much intact.