Mei Ri Jing Ji Xin Wen·2025-11-29 05:38Core Insights - In November 2025, a significant market shift occurred between Nvidia and Google, with Alphabet's market value increasing by approximately $530 billion, approaching $4 trillion, while Nvidia's market value decreased by $620 billion [2][5] - The driving force behind this shift is a rumor that Meta is in talks with Google to purchase Google TPU chips, which could disrupt Nvidia's dominance in the AI chip market, where it currently holds nearly 85% market share [2][5] Market Reactions - Google's stock rose by 13.87% in November, with a year-to-date increase of 69%, while Nvidia's stock fell by nearly 12.59%, reducing its year-to-date gain to 27.96% [2] - The news triggered a chain reaction in the industry, with Broadcom's stock, a joint manufacturer of Google TPU, rising over 16%, while Nvidia's stock faced pressure despite exceeding Wall Street expectations in its latest earnings report [5] Technological Competition - Google has developed its TPU chips over nearly a decade, achieving 2-3 times the energy efficiency compared to GPUs, with the latest seventh-generation product, Ironwood, showing a fourfold performance increase over its predecessor [2][8] - The TPU's evolution highlights its specialization for AI workloads, particularly in large-scale model training and inference, contrasting with Nvidia's GPUs, which are more general-purpose [11][20] Industry Perspectives - Analysts are divided on the implications of Google's advancements. Some believe that the market's reaction to TPU is exaggerated and that Nvidia will remain a dominant player, while others warn that Google's vertical integration capabilities pose a significant threat to Nvidia's market position [21][22] - The potential collaboration between Google and Meta is seen as a long-term challenge to Nvidia's dominance, with Google aiming to supply up to 1 million TPU chips to AI startups [23][24]