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Nvidia’s stock price dipped Tuesday following a report by The Information that Meta is potentially exploring the use of Google-designed chips for its AI and infrastructure needs. This news raises concerns for investors about Nvidia’s dominant position in the AI chip market, as Meta, a major consumer of AI chips, could become less reliant on Nvidia’s products. The possible shift towards Google’s Tensor Processing Units (TPUs) introduces new competition and challenges Nvidia’s growth trajectory in the lucrative AI sector.
