Investors should take SoftBank's moves with a grain of salt.Japan-based SoftBank (SFTB.Y +0.00%) is one of the world's largest investment holding companies. It has hundreds of notable companies in its portfolio, including TikTok's parent company ByteDance, plus DoorDash, Fanatics, Chime, IonQ, and until recently, Nvidia (NVDA 2.56%).SoftBank has dabbled in Nvidia during two different phases. It first invested in the company in 2017, buying around $4 billion worth of shares before selling its stake in 2019, ...

Nvidia Corporation (NASDAQ: NVDA ) released its third quarter FY 2025 earnings on Nov. 19, 2025, and the results exceeded expectations . Revenue came in at $57 billion, outpacing estimates by 3.48%, while diluted EPS cameRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion ...

Core Insights - Nvidia Corporation reported third quarter FY 2025 earnings on November 19, 2025, with results surpassing expectations [1] - Revenue reached $57 billion, exceeding estimates by 3.48% [1] - Diluted EPS figures were also reported, indicating strong financial performance [1]

来源：智通财经 ①英伟达Rubin逐步下单+Asic需求提速，Q布需求有望超预期，这家公司同步推进客户送样与产能扩充，后续有望向上延伸完善全产业链布局；②欧盟GSR法规贡献显著增量需求，这家公司商 ...

不经意间，GPU之王英伟达可能迎来了自己最强的竞争对手：TPU新贵——谷歌。 26日，摩根士丹利发布题为《谷歌对外销售TPU对半导体行业意味着什么？》的研究报告，重点讨论了 当下令整个华尔街都在热议的话题。 此前，谷歌已开发名为"TPU指挥中心"的软件，旨在降低客户使用TPU的门槛。客户可通过PyTorch框 架与控制TPU服务器集群的指挥中心软件交互。此外，Anthropic与谷歌云近期达成协议，Anthropic将获 得约100万块TPU的使用权。 大摩认为，在英伟达每年售出约800万块芯片的市场环境下，TPU有望实现每年50万至100万块的销量。 每售出50万块TPU，将为谷歌2027年的云业务收入增加约10%，提升每股收益3%，并推动估值倍数上 升。 大摩认为这一事件直接利好博通，但是对英伟达的实际影响有限，尽管会引发圈内的大量讨论。 谷歌对外销售TPU的业绩增量 大摩认为，谷歌在TPU领域拥有约12年的创新积累，如今向外部市场推广销售标志着其业务进一步拓 展。 谷歌外部TPU战略的三大关键未知因素 商业模式 谷歌表示愿意根据客户需求，提供灵活的TPU获取方式，包括谷歌云租赁、授权许可、芯片销售、设备 ...

AI芯片市场暗流涌动。 巨头之一谷歌正加快自研AI芯片TPU的商业化步伐，有报道称谷歌正与Meta等科技大厂谈外采合作。在 外界看来，如果合作落地，TPU将进入谷歌体系之外的超大规模数据中心，或对英伟达GPU 主导的算 力市场带来冲击。 相关消息一出，英伟达股价随即震荡。周二美股早盘，英伟达股价一度下滑7%，最终收跌约2.6%。而 自10月29日以来，英伟达市值从5.03万亿美元跌至11月25日收盘的4.32万亿美元，不到一个月时间市值 缩水已超过7000亿美元（约合人民币5万亿元）。 11月26日凌晨，英伟达在社交平台上正面回应谷歌的竞争："我们对谷歌的成功感到高兴——他们在人 工智能领域取得了重大进展，而我们仍将继续向谷歌供货。英伟达领先行业整整一代，是唯一能够运行 所有AI模型，并可在所有计算场景中部署的平台。" 作为全球GPU市场的主导者，英伟达用"领先一代"与"全场景优势"回应这场自研芯片带来的挑战。而即 便谷歌TPU得以进入Meta等巨头的数据中心，也并不意味着GPU会在短期内被替代。事实上，谷歌也表 示，自家定制的TPU和英伟达GPU的需求都在加速增长。 记者丨倪雨晴 编辑丨张伟贤 更多业内观点 ...

来源：滚动播报 英伟达盘前转涨，此前一度跌超1.8%。 ...

Core Viewpoint - The market's reaction to rumors of Meta purchasing Google's TPU has been described as an overreaction, with analysts suggesting that companies like Google and Nvidia can coexist and thrive in the trillion-dollar AI infrastructure market [1][2]. Market Perception Bias - Google DeepMind scientist Amir Yazdan criticized the market's shallow understanding of hardware and demand, emphasizing the strong demand in the AI sector while clarifying he was not involved in TPU design [2]. - Nvidia refuted claims that Google would disrupt its dominance in AI chips, asserting that it remains the only platform capable of running all AI models and supporting full-scenario computing [2][3]. Analyst Opinions - Most Wall Street analysts maintain that Nvidia is the unassailable leader in the AI chip market, with Bank of America analyst Vivek Arya stating that Google's self-developed TPU chips are unlikely to pose a significant competitive threat [3]. - Futurum Group's Daniel Newman highlighted that the debate over GPU vs. TPU reflects a zero-sum mindset, asserting that the AI infrastructure market could reach trillions, allowing companies like Google, Nvidia, and AMD to achieve mutual success [3][4]. - Analysts from Wedbush and Mizuho Securities echoed the sentiment that Nvidia's dominance in AI will not change in the short term, despite the emergence of Google's TPU chips [4][5]. Stock Performance Divergence - Google's stock has surged by 15% since November and 71% year-to-date, making it the best-performing stock among the "seven giants" of 2025, while Nvidia's stock has dropped by 12% this month, with a year-to-date increase of 32% [7]. - Wedbush's Ives noted that the tech sector is experiencing volatility after a period of strong performance, with Nvidia's strong growth data not translating into stock price gains due to concerns over an AI bubble and competition [7][8]. Future Outlook - Ives' team concluded that the ongoing investment by tech giants is crucial for driving the next phase of growth in AI, with Nvidia's strong quarterly performance indicating that this investment trend will continue at least until 2026 [8].

Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centers, The Information reported on Wednesday, citing two company employees. ...

11月26日，光模块CPO引领算力硬件爆发，龙头股"易中天"强者恒强，中际旭创涨超13%，成交超320 亿元居首，市值破6000亿元。光模块CPO含量超54%的创业板人工智能ETF（159363）表现强势，收盘 涨4.76%，成交11.68亿元。谷歌凭借完整技术闭环获市场认可，Meta或斥资数十亿美元买其TPU。光模 块是英伟达GPU和谷歌TPU共同基石。国盛证券看好算力板块，推荐光模块行业龙头，建议关注创业板 人工智能ETF及联接基金。(AI生成) 来源：视频滚动新闻 ...