Alphabet Stocks Hit New Highs As Meta Mulls Deploying Google AI Chips In Data Centers

Benzinga

Alphabet is in talks to supply its Google TPU chips to Meta and other cloud customers, escalating competition with Nvidia in the AI hardware market. Alphabet shares hit new highs on the news, while Nvidia slipped. The stock has surged roughly 52% since mid-September, helped by momentum from its Gemini 3 launch.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Alphabet is in talks to supply its AI chips to Meta and other cloud customers, according to the information.

00:07Discussion center on deploying Google's TPUs and Meta data centers as Google steps up competition with NVIDIA in the AI chip market.

00:15Alphabet shares hit new highs in after-hours trading, rising about 2% after closing up more than 6%.

00:20NVIDIA shares moved about 2.05% lower, according to Benzinga Pro.

00:25Alphabet has rallied about 52% since mid-September, boosted by strong momentum from its recent Gemini 3 release.

00:31For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended