Nvidia slides on report Meta may use Google chips
Nvidia Corp NVDA.O shares falling about 6% on Tues after a report on Mon that Meta META.O is in discussions with Google GOOGL.O to use its AI chips
NVDA stock on course for biggest daily pct decline in seven months
The report said Google's Tensor Processing Units (TPUs) are being pitched as a cheaper alternative to NVDA's chips, potentially threatening a key customer relationship as Facebook parent Meta has been one of NVDA's biggest buyers
NVDA stock is about 19% below its 52-week intraday high of $212.19 from Oct 29, 2025
Stock recently traded at 25.7 times fwd earnings, below its five-year avg of roughly 39, per LSEG Datastream
Including the move on the session, NVDA stock up about 28% YTD, outperforming the nearly 18% rise for the Nasdaq .IXIC
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