In response to its leadership position being challenged, NVIDIA (NVDA.US) defended itself on Tuesday, stating that its technology is still a generation ahead of the industry and expressed happiness about Google's success in AI chips. The company will also continue to provide technical support to Google.
Earlier, The Information reported that Meta (META.US) is considering spending billions of dollars to purchase AI chips made by Alphabet (GOOG.US). This news dragged down NVIDIA's stock price, which has recently fallen by more than 4%

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NVIDIA responded to the potential challenge to its leadership position, stating that its AI chip technology is still a generation ahead of the industry and expressed happiness about Google's success in AI chips, continuing to provide technical support. Previously, there were reports that Meta was considering purchasing AI chips made by Alphabet, leading to a decline of over 4% in NVIDIA's stock price

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NVIDIA safeguards itself, stating that its AI chip technology is still a generation ahead of the industry