Nvidia stock falls after report says Google, Meta in talks for multibillion-dollar AI chip deal

Nvidia (NVDA) stock as much as 5% in early trading on Tuesday after a report that the AI chipmaker could soon see greater competition from its own customer, Google (GOOG, GOOGL). The Information reported Monday that Google is in talks with Meta (META) for the Facebook parent to spend billions of dollars to use its AI chips in data centers in 2027. This would represent a big change in Google’s current chip business, which see the tech giant rent access to its chips called TPUs (tensor processing units) to ...