The most important chart in the current market: "Google Chain" vs "OpenAI Chain"
Since November, stocks representing the "Google Chain," such as Google, Broadcom, and Celestica, have continued to rise, while stocks representing the "OpenAI Chain," such as NVIDIA, SoftBank, Oracle, and CoreWeave, have plummeted. This signifies a significant change in the market's long-standing "AI trading" logic: on the large model side, Google's Gemini 3 has surpassed OpenAI's GPT 5; on the chip side, Google's TPU has also begun to challenge NVIDIA's GPU monopoly
Since November, stocks representing the "Google chain," such as Google, Broadcom, and Celestica, have continued to rise, while stocks representing the "OpenAI chain," such as NVIDIA, SoftBank, Oracle, and CoreWeave, have plummeted.
This indicates a significant change in the market's long-standing "AI trading" logic:
On the large model side, Google's Gemini 3 has surpassed OpenAI's GPT 5;
On the chip side, Google's TPU has also begun to challenge NVIDIA's GPU monopoly.
