Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is in talks with Alphabet Inc (NASDAQ:GOOG)'s Google to spend billions of dollars on Google's custom AI chips called tensor processing units (TPUs) in its data centers starting in 2027, according to a report from The Information. Meta currently relies on Nvidia chips but may begin renting TPUs from Google Cloud as early as 2026 to test the technology before broader deployment, per the report.
After surging 16% since the beginning of November, shares of Alphabet look like they have plenty more room to run. That means the other “Magnificent Seven” names need to watch out.
It's been an eventful month for the Magnificent Seven and the state of the AI trade, to say the least.
Alphabet (GOOG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.
Meta is reported to be in talks to spend billions on Google's AI chips in data centers in 2027 and may also rent chips from Google's cloud division next year. Tom Mackenzie reports on Bloomberg Television.
Shares in Alphabet Inc (Nasdaq: GOOG), the company better known as Google, are rising again in premarket trading today.
Alphabet ( NASDAQ:GOOG )( NASDAQ:GOOGL ) has been on a rocket ride this year, and its market capitalization recently crossed $3.62 trillion, overtaking Microsoft ( NASDAQ:MSFT ) to claim the title of third largest company globally.
Shares of the Google parent rose to a record high valuation of $3.84 trillion on Monday and extended their advance this year to around 68%.
Google trained its Gemini 3 large-language model on tensor processing units, which is a worry for Nvidia shareholders.
The Information reported that Meta is considering using Google's tensor processing units (TPUs) in its data centers in 2027. Shares of Nvidia were 2.5% lower in premarket trade.
Facebook parent Meta is in discussions with Alphabet's Google to spend billions on using Google's AI chips in its data centers from 2027 and to rent chips from Google Cloud by next year, The Information reported on Monday.