Reference News Network, November 26 report - According to the website of the UK's Financial Times on November 25, NVIDIA's stock fell sharply on the 25th due to market concerns that Google is catching up in the field of artificial intelligence, wiping out about $115 billion in market value.

The report said that NVIDIA's stock closed down 2.6%, and fell more than 7% at the start of the session. This decline affected many related companies.

As an important partner of NVIDIA, server manufacturer Super Micro Computer Inc. saw its stock fall 2.5%, while software group Oracle, which has committed to investing billions of dollars in this chipmaker's high-performance systems, saw its stock fall 1.6%.

Stocks of "Core Weave," a data center operator with a 6% stake in NVIDIA, fell 3.1%, and its artificial intelligence cloud computing rival Nibbles also fell 3.3%.

Investors attributed the drop in stock prices to the market excitement caused by Google's self-developed artificial intelligence dedicated chip "Tensor Processing Unit" (TPU).

Google recently released its latest large language model Gemini 3, which is believed to have surpassed OpenAI's ChatGPT. The search giant's model was trained using TPU, not NVIDIA chips that drive the OpenAI system.

Mike O'Rourke from Jones Trading said that the release of Gemini 3 "may be similar to the disruption caused by DeepSeek, but it is more subtle and more important." DeepSeek is a Chinese AI startup, and its rise in January caused a sharp sell-off in stocks of American tech companies, including NVIDIA.

Nomura's strategist Charlie Mcleod also compared the impact of Gemini 3 to the DeepSeek shock. In a report to clients, he said that Google's latest model has "reset" the "artificial intelligence hierarchy board" and pulled the market into a "new DeepSeek phase."

According to an article published late on the evening of the 24th by the U.S. publication "Info," Google is promoting the use of TPUs in its own data centers, rather than NVIDIA chips, to potential customers, including Meta. (Translated by Xu Yanhong)

NVIDIA Company Logo (AFP)

Original: https://www.toutiao.com/article/7576907887801369122/

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