Overview
- Meta is in talks to buy or rent Google’s custom TPU chips for use starting in 2027, according to The Information, a report that pressured Nvidia shares and lifted Alphabet.
- Nvidia shares fell roughly 4%–6% in early trading as the Meta–Google discussions surfaced, while Alphabet gained about 4% and related suppliers like Broadcom also rallied.
- Nvidia executives continue to reject bubble claims, citing about $51 billion in last quarter’s data‑center revenue and projecting 60%–70% growth for that business.
- Investor Michael Burry escalated scrutiny of tech accounting, alleging sector‑wide understatement of depreciation that he estimates could total $176 billion between 2026 and 2028.
- Analysts warn that AI data‑center depreciation and capital needs may outstrip revenues and describe circular financing flows, even as product news like Google’s Gemini 3 fuels bursts of optimism across AI stocks and ETFs.