The story of the day:
Alphabet,
$GOOGLX , is now up another +4% and Nvidia,
$NVDAX , is down -4% on concerns over increased competition.
This comes after reports that
#Meta is considering using
#Google 's Al chips over Nvidia's.
So, is this really that bad for Nvidia?
The reality is that Al compute demand is rising 50-70% YoY and is WELL above levels Nvidia can keep up with.
#Nvidia still controls as much as 90% of the global
#Al chip market.
Nvidia still controls as much as 90% of the global Al chip market.
Of course, increased competition is a material development, but Nvidia is still the ar