It's up more than 68% year-to date. It has outperformed every other U Mag 7 stock including Nvidia. By the way, the market was so concerned about China getting ahead of Nvidia.And here we are with Alphabet with these TPUs. This is an interesting sort of scenario when you talk about the rivalry now between these two companies. >> And in case you're wondering out there, TPUs stands for Tensor Processing Units.I mean, we got to decode the stuff in real time. And I made a note to myself a couple weeks ago when ...

Investors are growing increasingly excited by Google's AI capability, and that includes its chips.Alphabet (GOOG +1.46%) stock continued its strong run with the shares up as high as 3.2% in early morning trading. The move today comes as news broke that Meta is reportedly in talks with Alphabet's Google to buy AI chips from it. Alphabet is the highest quality AI play.The news highlights the attractiveness of Alphabet stock as a means to capitalize on the AI boom. A quick look at its cash flow and remarkable ...

Are some of Nvidia's biggest customers on the verge of a revolt that will upend the AI industry?Nvidia (NVDA 4.01%) stock is pulling back in Tuesday's trading as investors react to some big news in the tech sector. The artificial intelligence (AI) hardware leader's share price was down 4.3% as of 2:30 p.m. ET and had been down as much as 7.1% earlier in the session. According to a new report from The Information, Meta Platforms is lining up to purchase Alphabet's tensor processing units (TPUs). Should Nvidi ...

For more, let's bring in Low Tony, founding managing partner of Plexo Capital. He's also a CNBC contributor. So, Low, let's talk about the full stack, the soup to nuts aspect, and whether it is rightfully so that Alphabet is being anointed, this kind of new upand cominging king of the AI race.>> Yeah. Well, first, thanks for having me. And I think yes, we're seeing the story right now is that the AI narrative is shifting towards Google.And it starts with the infrastructure layer. And my core thesis has alwa ...

Now that [music] big AI shift is where we start today and we've got some team coverage. Dear Drabosa looking at how Google is building out its AI ecosystem. Christina Partzene is digging into how that's impacting the supply chain.And Julia Borston has the Mag7 stock that can't seem to find its AI footing. Deerra, we're going to start with you. >> So Dom in AI the leaderboard.It changes fast and narratives they can swing harder than the fundamentals. Just look at Google. It went from broken to beloved in a m ...

Core Viewpoint - Nvidia remains confident in its market position despite concerns about competition from Google, asserting that it is a generation ahead in AI technology and is the only platform capable of running every AI model across all computing environments [1][3]. Company Insights - Nvidia's stock experienced a decline of over 3% following reports that Meta is considering a partnership with Google to invest billions in Google's chips for its data centers [2]. - Nvidia expressed satisfaction with Google's advancements in AI and reaffirmed its ongoing supply relationship with Google [2][3]. - Nvidia reported strong earnings for the third quarter, which initially alleviated market fears regarding an AI bubble, although concerns resurfaced shortly thereafter [5]. Industry Dynamics - Google is experiencing increasing demand for both its custom TPUs and Nvidia GPUs, indicating a collaborative approach in the AI sector [4]. - Google's recent launch of Gemini 3 has received positive feedback, showcasing its competitive edge in the AI race [4]. - Google benefits from a "full-stack" advantage, allowing it to manage the entire AI process from research to cloud hosting [4].

US markets delivered a mixed but telling performance on Tuesday, with the S&P 500 up 0.6%, the Nasdaq Composite climbing 0.3%, and the Dow Jones Industrial Average rising 1.18%. Behind those gains lie... ...

Core Insights - Google has made a significant turnaround in the AI race, with its new AI model, Gemini 3, receiving positive reviews and leading to a substantial increase in its stock price, which is up nearly 70% this year [2][9] - The company has surpassed Microsoft's market cap and is on track to reach a $4 trillion valuation [2] - Google's advancements in AI and its strategic moves in cloud computing and search advertising have positioned it strongly in the market [5] Group 1: AI Model Success - Gemini 3 has been well-received, outperforming its predecessor and competing models in various benchmarks, including coding and design [8] - The rollout of Gemini 3 has alleviated concerns about Google's competitiveness in AI, contributing to a stock price increase of over 12% since its launch on November 18 [9] Group 2: Cloud Computing Strategy - Google has invested over a decade in developing its Tensor Processing Units (TPUs) for internal use, which are now being utilized to train Gemini models [12] - The company is actively selling access to its TPUs through its cloud business and is in discussions for a significant deal with Meta, which could enhance its market position against competitors like Nvidia [13] Group 3: Legal and Regulatory Landscape - A recent federal judge's ruling in an antitrust case against Google allowed the company to continue its partnerships for default status while imposing minimal penalties, indicating a relatively favorable outcome for Google [16][17] Group 4: Investment Confidence - Warren Buffett's Berkshire Hathaway has acquired a $4.3 billion stake in Alphabet, signaling strong confidence in Google's future, especially as Buffett has historically avoided high-growth tech stocks [19] Group 5: Search Advertising Resilience - Despite concerns about AI's impact on search advertising, Google's search revenues increased by 15% in the third quarter, suggesting that AI is not negatively affecting its core business [24] - Google is testing ads in its AI Mode, indicating a shift towards integrating AI into its search functionality [25]

Core Insights - The significant increase in stock prices over recent years has been largely driven by substantial corporate cash spent on share buybacks by major tech companies, totaling $1.1 trillion over five years [1][2] Group 1: Share Buyback Overview - From Q3 2020 to Q3 2025, six companies—Apple, Alphabet, Microsoft, Oracle, Meta, and Nvidia—spent a total of $1.1 trillion on share buybacks, reflecting actual expenditures rather than future announcements [2] - Apple led the share buyback efforts with $437 billion, followed by Alphabet at $281 billion, Meta at $151 billion, Microsoft at $107 billion, and Nvidia at $87 billion [4] Group 2: Funding and Debt Implications - Some share buybacks were financed through borrowed funds, resulting in significant debt on the balance sheets of these companies: Apple has $112 billion, Microsoft $120 billion, Meta $50 billion, and Alphabet $30 billion [5] - Nvidia has notably increased its buyback program in 2024, spending $43 billion on share buybacks over the past four quarters [4] Group 3: Strategic Shifts - Amazon has ceased its share buyback program since 2022 to allocate funds towards capital expenditures, particularly in AI infrastructure, indicating a potential trend for other companies to follow [3] - The ongoing competition in AI spending among these companies suggests a strategic shift where the focus may move from share buybacks to investments in technology [5]

Market Overview - The US trading day shows mixed results with the Dow up approximately 140 points, while the S&P 500 remains relatively unchanged and the NASDAQ down by about 0.4% [1] - November consumer confidence data from the Conference Board came in lower than expected at 88.7%, compared to an estimate of 93.3% [1] Alphabet and Nvidia - Alphabet's market cap is approaching $4 trillion, currently at approximately $3.394 trillion, with shares up by 2% following reports of Meta purchasing Tensor Processing Units from Google instead of Nvidia [1] - Nvidia's shares are down by 6%, contributing to a decline in the semiconductor sector, with ARM down nearly 5% and AMD down 8% [1] Retail Sector Performance - Retailers are reporting mixed earnings, with Kohl's shares up 34% after announcing a permanent CEO and strong earnings, while Abercrombie shares rose by 22% despite a poor year-to-date performance [1] - Dick's Sporting Goods reported a 5.7% increase in comparable sales, but its stock is under pressure due to concerns over its acquisition of Foot Locker [1][2] - Best Buy's same-store sales increased by 2.7%, marking its best performance in a while, driven by strong product cycles in computing and gaming [2] Consumer Spending Trends - Mastercard's report indicates that Americans are expected to spend 3.6% more on holiday shopping in 2025 compared to the previous year, despite concerns over affordability [2][3] - Inflation for holiday goods is running just above 2%, suggesting real spending growth is occurring [3] Airline Industry Insights - Delta Airlines CEO Ed Bastian highlighted the challenges faced due to a government shutdown, which caused significant disruptions in flight operations [5][6] - The airline industry is experiencing staffing shortages and aging infrastructure issues, which need modernization to improve efficiency and safety [5][6] Alibaba's Financial Performance - Alibaba reported a 5% quarterly revenue gain, with a 34% increase in its AI division, but earnings fell by 72% due to heavy investments in AI and quick commerce [6] - The company faces challenges in achieving profitability despite strong revenue growth, raising questions about the sustainability of its investment strategy [6]