Alphabet Stocks Hits New Highs As Meta Mulls Deploying Google AI Chips In Data Centers

Benzinga_recent_news11-25

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are hitting new highs in Monday’s after-hours session following reports that Meta Platforms Inc (NASDAQ:META) could use Google’s AI chips in its data ...

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Monday’s after-hours session following reports that Meta Platforms Inc (NASDAQ:META) could use Google’s AI chips in its data centers.\n       • GOOG stock is climbing to fresh highs. Get the complete picture here.\nWhat To Know: Alphabet’s Google is in talks with Meta and other cloud customers about a potential deal that would allow Meta to use Google AI chips in data centers as the company’s rivalry with NVIDIA Corp (NASDAQ:NVDA) heats up, per The Information.\nAlphabet shares hit new highs in after-hours trading on Monday, last up about 2% after closing the regular session up more than 6%.\nThe report indicates that Google is accelerating efforts to compete directly with Nvidia in the AI chip market. The company’s TPUs, or tensor processing units, are designed to optimize performance and cost for AI workloads from training to inference. \nNvidia shares were moving in the opposite direction, down about 2.05% in after-hours at last check, according to Benzinga Pro.\nAlphabet shares have been on a tear in recent months, rallying approximately 52% since mid-September. 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