tech
February 27, 2026
Nvidia's stock wraps up tough week as Wall Street focuses more on competition than growth
Meta will use AMD's chips and is reportedly interested in Google processors, while OpenAI is turning to Amazon silicon, as Nvidia faces increasing competition.
TL;DR
- Nvidia stock fell sharply, its biggest drop since November, amid investor concerns about competition.
- OpenAI is increasing its use of Amazon's AI chips and has committed to using Cerebras chips.
- Meta plans to use Advanced Micro Devices' Instinct GPUs and reportedly Google's Tensor Processing Units.
- Analysts predict Nvidia's revenue growth will slow significantly after the current fiscal year.
- Some analysts view Nvidia's stock decline as a buying opportunity, expecting a rotation back into AI stocks.
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