Nvidia shares fell on Tuesday shortly after the opening of the New York Stock Exchange, hurt by information suggesting that Meta could use Google chips for remote (cloud) computing. Around 16.30. Paris time, shares of the processor giant lost a little more than 6% to $171.52.
After a brief surge on Monday, the stock continued its correction, posting a nearly 19% decline since its all-time high in the late October session. During this period, Nvidia lost nearly a trillion dollars in market capitalization. Despite everything, the company remains the company with the largest capitalization in the world, but is getting closer to its runner-up, Apple. Alphabet, Google’s parent company, is now approaching the symbolic threshold of $4,000 billion in market capitalization.
Request acceleration
Special site Information indicates that Meta “ studying the possible use of the Tensor Processing Unit (TPU), a chip developed by Google for cloud and artificial intelligence (AI) development “. These TPUs, used by Google for ten years for its own needs and those of its cloud customers, do not offer the same range of use as Nvidia GPUs (Graphics Processing Units), but according to them Information“It is very efficient in carrying out certain tasks and consumes less energy“.
According toInformationMeta is considering the possibility of using TPUs either for its own data centers, or through Google data centers as part of a service contract. Asked about the possibility of TPU sales to third parties, Google did not confirm, but stated that “Google Cloud (a subsidiary of Google) is facing accelerating demand for our TPUs and Nvidia GPUs. We intend to respond to both, as we have done for many years“.
The rise of Google, as well as that of American rival AMD, could challenge Nvidia’s undisputed dominance in the market for chips dedicated to AI.
