Business
Big Tech Spend Fuels Next Leg of AI Arms Race
Dan Ives, Global Head of Tech Research at Wedbush Securities, discusses the AI landscape and what stocks he is looking at as we head into 2026.
Meta Platforms Inc. is in talks to spend billions on Google’s AI chips, the Information reported, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.
A deal would signal growing momentum for Google’s chips and long-term potential to challenge Nvidia’s market dominance, after the company earlier agreed to supply up to 1 million chips to Anthropic PBC.
Google owner Alphabet Inc. is on track to hit a $4 trillion market valuation for the first time when trading opens in New York on Wednesday. Nvidia’s shares were down about 4% in premarket trading.
Meta is in discussions to use the Google chips — known as tensor processing units, or TPUs — in data centers in 2027, The Information reported, citing an unidentified person familiar with the talks. Meta also may rent chips from Google’s cloud division next year, the news outlet said.
An agreement would help establish TPUs as an alternative to Nvidia’s chips, the gold standard for big tech firms and startups from Meta to OpenAI that need computing power to develop and run artificial intelligence platforms.
Nvidia’s stock is already facing headwinds as investors fear a broader AI bubble. Michael Burry, immortalized in The Big Short for his bets against the housing market during the 2008 financial crisis, has scrutinized the chipmaker over circular AI deals, hardware depreciation and revenue recognition.
After Google’s Anthropic deal was announced, Seaport analyst Jay Goldberg called it a “really powerful validation” for TPUs. “A lot of people were already thinking about it, and a lot more people are probably thinking about it now,” he said.
“Google Cloud is experiencing accelerating demand for both our custom TPUs and NVIDIA GPUs; we are committed to supporting both, as we have for years,” a spokesperson for Google said.
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From a memory crunch to global instability, Lenovo CFO Winston Cheng and NF Trinity’s Helen Zhu discuss the roadmap for AI growth and the hurdles facing the global tech buildout.
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Arm tumbles after spending surge weighs on profit forecast #shorts #arm #chipmaker #openai #stargate
“We’re looking at everything right now.” Arm CEO Rene Haas told Ed Ludlow that the Stargate AI project, an effort backed by OpenAI and Arm parent SoftBank that will include a massive build-out of data centers, is “an amazing opportunity.” The CEO discusses investment on “Bloomberg Tech” following a lower-than-expected profit forecast http://bloom.bg/4lb17cS
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UniCredit CEO Andrea Orcel discusses the status of the lender’s bid to buy Commerzbank. The Italian bank is already the largest investor in Commerzbank and currently owns just under 30% in it. Orcel has been trying to buy the German rival for over 18 months, but Commerzbank’s leadership has consistently rebuffed the approach. Orcel speaks on Bloomberg Television.
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