BREAKING: Futures Rise After Market Holiday Higher and higher they went, with shares of tech giants Amazon (AMZN), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Meta Platforms (META) and Oracle (ORCL) riding the excitement over artificial intelligence. But a rocky month for AI stocks spooked by fears of a bubble has triggered a shakeout among the hyperscalers. Google is surging and Amazon is bouncing back. But Microsoft stock has stumbled from October highs and Meta has slumped. Oracle has tumbled more ...

Core Insights - Google, under parent company Alphabet, is reportedly in discussions to sell its Tensor AI chips to Meta Platforms, marking a significant move in its competition with Nvidia [1] - The collaboration with Meta and others could expand Google's market presence in the AI chip sector, traditionally dominated by Nvidia and AMD [1] Company Developments - Google's Tensor AI chips have primarily been utilized within its own data centers, indicating a shift in strategy by potentially offering these chips to external companies [1] - The news has positively impacted Google's stock and its AI chip partner Broadcom, while negatively affecting Nvidia and AMD stocks [1] Market Reactions - Following the news, Broadcom's stock surged by 11%, reflecting investor optimism about the potential partnership and its implications for the AI chip market [1] - In contrast, Nvidia and AMD experienced declines in their stock prices, highlighting the competitive pressures arising from Google's strategic move [1]