Core Insights - The ROBO Global Artificial Intelligence ETF (THNQ) is strategically positioned to mitigate concentration risk by holding Nvidia at only 2.25% of its assets while overweighting competitors [1][5] - Meta Platforms, Inc. is exploring alternatives to Nvidia's hardware, specifically considering Alphabet Inc.'s chips, which may indicate a shift in the tech landscape [2][7] - THNQ has attracted significant inflows, totaling $89.8 million over the past year, as investors seek diversified exposure away from Nvidia-heavy funds [5][6] Fund Positioning - THNQ tracks the ROBO Global Artificial Intelligence Index, utilizing fundamental weighting to avoid heavy concentration in Nvidia, unlike many market-cap-weighted AI funds [1][3] - The fund's top three holdings include Lumentum Holdings, Inc. (3.08%), Alphabet (2.98%), and Advanced Micro Devices, Inc. (2.93%), with Nvidia ranking as the 13th largest holding [4][6] Performance Metrics - THNQ has shown strong performance with a return of 24.7% over the past year and a three-year return of 30.2%, despite a recent decline of 7.5% in the past month [6] - The fund has a low expense ratio of 0.68%, reflecting its active methodology across 68 holdings in the AI infrastructure space [6] Market Trends - The potential shift by Meta to Google’s tensor processing units could accelerate the trend THNQ is designed to capture, as AI infrastructure costs are projected to reach $70 billion to $72 billion this year [7]

LIVE Dow Set to Open Up as the Market Bets on a Fed Rate Cut Last Updated: 9 min ago Alphabet Keeps Climbing, Nvidia Falls After Google-Meta Chip Talks By Aimee Look, Dow Jones Newswires Shares in Google parent Alphabet were rising premarket, while Nvidia fell, after it was reported that Google is in talks to supply chips to Meta Platforms. Alphabet shares were up 1.5% at $328.36 in premarket trading. Its stock closed 1.5% higher Tuesday at $323.44. The shares continued to hit new highs after news of talks ...

and video shares. I actually want to start with them because they're down today after the information down almost to six and a half% after the information reported Meta is considering renting Google's tensor processing units TPU from Google Cloud next year and could actually spend billions of dollars more to start using those same chips in their own data center starting in 2027. That means breaking Nvidia's stronghold on the data center chip market.why you're seeing in NVIDIA's selloff. And this also follow ...

Are Google's tensor processing units a serious competitor to Nvidia's AI chips? Here's what to know https://t.co/JmItPUWMFi ...

Shares of Google are rising again this morning. This after yesterday's 6% gain. Reporting the information saying that Meta is considering using Google's tensor processing units in its data centers in 2027.Now Google rising, Nvidia pulling back on that news. Joining us right now is Ron Josie, city senior internet analyst. Good morning to you.Uh, you know, it feels like every other day one of these models is, you know, leaprogging the other in the moment right now. Google's Gemini seems to be ahead. Anthropic ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning. Here's the latest in trending:The AI trade: The Nasdaq closed up more than 2% to kick off the holiday-shortened week. There's talk of Google's (GOOGL) AI chips, known as tensor processing units.China alert: Xi Jinping warns on Taiwan amid a spat with Japan. He also held a phone call with President Trump about the situation.SA Sentiment Survey: Check out the ...

Google trained its Gemini 3 large-language model on tensor processing units, which is a worry for Nvidia shareholders. ...

Market Overview - The stock market is performing well, with gains across the board, contrary to the typical fears associated with October [1][2] - Fiscal and monetary stimulus are contributing positively to market conditions, with stocks exceeding expectations [2][4] Earnings Performance - Earnings reports for the current quarter are showing strong results, alleviating concerns about potential downturns [4][3] - The Russell 2000 index has gained 2.6% this week, indicating a positive market response to earnings [3] Inflation and Federal Reserve Actions - The Consumer Price Index (CPI) report for September showed lighter-than-expected inflation, both month-over-month and year-over-year [5][6] - The benign inflation report is not expected to deter the Federal Reserve from considering another rate cut [6][7] Company Insights - Companies are absorbing tariff costs rather than passing them onto consumers, which is helping to maintain stable prices [7] - Taiwan Semiconductor Manufacturing Company (TSMC) is highlighted as a strong investment opportunity due to its history of execution and ongoing investments in the U.S. [8][10][11] Market Sentiment and Risks - There is a sense of exuberance in the market, with some stocks reaching record highs, such as Google [12][13] - Concerns about potential market saturation and circular investments among companies are noted, reminiscent of past market bubbles [14][15]

Core Insights - Google is reportedly nearing a cloud computing deal with AI startup Anthropic, potentially worth tens of billions of dollars [1][5] - The deal would provide Anthropic access to Google's tensor processing units, enhancing its machine learning capabilities [1][3] Company Developments - Anthropic recently secured $13 billion in funding, raising its valuation to $183 billion, aimed at expanding its capacity and enhancing safety research [4][5] - Alphabet's shares have increased by approximately one-third in value in 2025, reflecting positive market sentiment [4] Industry Context - The discussions between Google and Anthropic underscore the competitive landscape in AI, particularly in cloud infrastructure, where Google aims to strengthen its position against rivals like Amazon and Microsoft [3]

Core Insights - Anthropic is in early discussions with Google for a cloud-computing agreement valued in the high tens of billions of dollars, which would enhance its access to Google's tensor processing units designed for machine learning [1][3] - Google has invested approximately $3 billion in Anthropic, making it a key cloud provider, and a larger deal could expand Google's presence in the generative AI infrastructure market [3][4] - Anthropic recently raised $13 billion, increasing its valuation to $183 billion, reflecting the growing economics of AI scale [4] Group 1 - The potential partnership with Google highlights the importance of proprietary compute infrastructure in the AI race [1] - Anthropic's Claude models are central to enterprise adoption, providing multimodal reasoning and compliance tools for regulated industries [4] - The company is extending its platform into developer tools and automation, positioning its models as infrastructure for AI-native applications [5] Group 2 - Amazon has committed up to $8 billion to Anthropic, making it one of the largest users of its custom AI chips [6] - The discussions with Google would solidify Anthropic's multi-cloud strategy, ensuring access to advanced silicon and redundancy [6] - Securing Anthropic as a long-term client could enhance Google's competitive position against Amazon and Microsoft in the cloud AI supply chain [6]