Nvidia(US:NVDA) Sou Hu Cai Jing·2025-11-26 01:13Group 1: Market Performance - Major tech stocks showed mixed performance, with Meta rising over 3%, Google and Amazon up over 1%, while AMD fell over 4%, Netflix down over 2%, and Oracle down over 1% [1] - Nvidia's stock experienced a significant drop, falling over 7% at one point, closing at $177.82, down 2.59%, resulting in a market cap loss of approximately $114.94 billion (around 81.43 billion RMB) [1][2] Group 2: Nvidia and Google Competition - Analysts noted that Google is making substantial progress in challenging Nvidia's leading AI acceleration chips, prompting investors to reassess the tech landscape and potential shifts among market leaders [4] - Nvidia acknowledged Google's success in AI advancements and emphasized its unique position in the market, claiming to be the only platform capable of running all AI models across various computing scenarios [4] - Reports suggest that Meta may be considering a partnership with Google to utilize Google's Tensor Processing Units (TPUs) in its data centers, indicating a potential shift in client relationships [4] Group 3: Google’s Advantages - Google possesses several advantages over OpenAI, including a vast existing data corpus for training AI models, continuous profits, and its own computing infrastructure [5] Group 4: Economic Indicators - The latest U.S. economic data showed a 2.7% year-over-year increase in the Producer Price Index (PPI) for September, matching expectations, while the core PPI rose 2.6% year-over-year, slightly below forecasts [12] - Retail sales in September increased by 0.2%, below the expected 0.4% [12] - Consumer confidence in the U.S. fell significantly, with the index dropping 6.8 points to 88.7, indicating growing concerns about the labor market and overall economic outlook [12]