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Nvidia Defends Its Lead as Reported MetaGoogle TPU Talks Hit the Stock

Investors reassess Nvidia after reports that Meta is exploring Google TPUs raise credible competition risk.

Overview

  • The Information reported that Meta is in talks to rent Google TPUs in 2026 and deploy dedicated hardware in its data centers by 2027.
  • Nvidia responded publicly on X, saying it remains a generation ahead and is the only platform that runs every AI model across all environments.
  • Nvidia shares fell about 2.6% to 3.2% Tuesday as Alphabet rose, with reporting suggesting Google believes TPU sales could capture roughly 10% of Nvidia’s AI‑chip revenue.
  • Analysts highlight Nvidia’s broader moat—systems, interconnects and the CUDA software stack—which creates high switching costs despite growing custom‑silicon efforts.
  • The market churn follows Nvidia’s blowout Q3 results of $57 billion in revenue and guidance near $65 billion for Q4, as the company also distributed a memo rebutting Michael Burry’s bubble critiques.