Nvidia(US:NVDA) Jin Rong Jie·2025-11-28 03:38Group 1 - Nvidia's market value has dropped from $5.03 trillion on October 29 to $4.32 trillion by November 25, losing over $700 billion in less than a month, equivalent to approximately 50 trillion RMB [1] - The decline is attributed to Google's accelerated commercialization of its TPU chips, which are expected to be used in large-scale data centers outside of Google's ecosystem, leading to a significant impact on Nvidia's stock price [1] - Google has been developing TPU technology since 2013, with cloud access for select customers starting in 2018, and is now negotiating with companies like Meta for potential multi-billion dollar contracts [1] Group 2 - In response to competitive pressures, Nvidia expressed its satisfaction with Google's advancements in AI while asserting its market leadership, claiming to be the only platform capable of running all AI models across various computing scenarios [2] - Nvidia currently holds over 90% of the AI chip market, but major tech companies like Google, AWS, and Microsoft are rapidly advancing their own chip development [2] - The trend of AI companies adopting a multi-vendor strategy is evident, as seen with Anthropic's dual procurement of Nvidia and Google's TPU, indicating a shift from single hardware reliance to a system-level competition in the AI infrastructure industry [2]