AMD falls as Meta eyes Google's AI chips
Shares of chip designer Advanced Micro Devices AMD.O fall 9.4% to $194.71
Meta Platforms META.O is in talks with Google to spend billions of dollars on Google's chips for use in its data centers from 2027, The Information reports
Move may cast Google as a serious rival to semiconductor giant Nvidia NVDA.O and AMD; NVDA shares fall 6.3% to $171.12
"While AMD had been considered a main candidate to supplement Nvidia in the data center GPU market, the recent success of Google's TPU (AI chip) has put that in question" - Gil Luria, analyst at D.A. Davidson and Co
Google's chips are considered much more competitive with Nvidia, and with Google selling them externally, AMD may not have a big role in the future of data center - Luria
Up to last close, AMD stock had risen 78% this year
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