Investors·2025-11-25 19:14Core Insights - Meta Platforms is in discussions with Alphabet to utilize Google's custom AI chips, positively impacting Google's stock while negatively affecting Nvidia's stock [1] - Amazon is set to highlight its AI capabilities at the upcoming re:Invent cloud conference, with a focus on custom chips as part of its strategy to maintain its position as a leading cloud provider [2][6] - The performance of Amazon's Trainium chips is under scrutiny, particularly regarding their expansion and future developments [3][10] Company Developments - Amazon's second-generation Trainium chip is reported to be a "multibillion-dollar business" with a growth rate of 150% quarter-over-quarter, supported by significant investments in AI projects [7] - Amazon has invested $8 billion in Anthropic, expecting to deploy over 1 million Trainium chips for training its AI model, Claude, by year-end [7] - Amazon is also collaborating with Nvidia, AMD, and Intel for chip supplies, indicating a diversified approach to meet AI computing demands [8] Market Reactions - Amazon's stock has shown resilience, rebounding 1.8% to 230.30, and is up approximately 4.5% year-to-date, following a strong Q3 cloud revenue report [11][12] - Google's stock has reached near record highs, reflecting positive investor sentiment following news of its AI chip sales [13][16] - Nvidia's stock has faced downward pressure, declining 3.5%, as competition in the AI chip market intensifies [13]