Google discusses Meta TPU sales while Nvidia AMD shares fall

Technology stocks experienced a robust rebound on Monday, November 24, 2025, with the AI trade regaining significant momentum. The Nasdaq Composite surged 2.7%, marking its largest gain since May, while the S&P 500 also climbed 1.5%. This market optimism was partly fueled by renewed interest in AI investments and easing concerns about a potential AI market bubble, alongside hopes for a December rate cut from the Federal Reserve. All "Mag 7" tech stocks saw increases, with Alphabet leading the charge. Google's parent company, Alphabet, saw its stock soar over 6% to a new all-time high. This impressive performance is attributed to the strong reception of its Gemini 3 AI model, which runs on custom Broadcom chips. The success of Gemini 3 underscores a growing demand for specialized AI hardware, potentially shifting dynamics in the AI chip sector. Reports indicate Google is actively discussing a deal with Meta to sell billions of dollars worth of its custom Tensor Processing Unit (TPU) AI chips, which are typically rented through its cloud service. This potential direct sale of TPUs to Meta, possibly for demanding AI training tasks, has significant implications for the market. While Alphabet and Broadcom shares rose on this news, Nvidia and AMD experienced declines, reflecting investor concerns about increased competition in the AI chip space. Dell and HP's upcoming earnings reports are also being closely watched for further insights into enterprise AI spending. Meanwhile, Alibaba's AI division reported a substantial 34% increase in value, contributing to the company's overall revenue exceeding expectations. Alibaba's total revenue grew 5% to 247.8 billion yuan, or approximately $35 billion, in the September quarter, driven by its cloud and AI businesses, including the Qwen platform. Its Chinese e-commerce revenue also rose by 16%. Similarly, Ant Group, backed by Jack Ma, saw its profit increase by 10%, propelled by its investments in AI and global expansion efforts, as it seeks new growth avenues. In other AI-related developments, C3.ai's stock climbed 3.88% ahead of a crucial investor update, with the company hoping to emulate the success of Palantir. Despite some market fluctuations, Nvidia CEO Jensen Huang affirmed that "AI is going everywhere, doing everything," following a strong third quarter for Nvidia, suggesting the AI trade is not a bubble. However, Oracle's stock fell 38% from its highs, partly due to investor worries about its high debt and its reliance on OpenAI as a key client. Oracle's upcoming earnings report in early December will be a critical event for the company.

Key Takeaways

• Tech stocks, especially AI-linked companies, led a significant market rebound on Monday, November 24, 2025, with the Nasdaq Composite surging 2.7%.
• Google's Alphabet stock soared over 6% to a new all-time high, driven by the strong performance of its Gemini 3 AI model and custom Broadcom chips.
• Google is reportedly in discussions with Meta to sell billions of dollars worth of its custom Tensor Processing Unit (TPU) AI chips directly.
• This potential Google-Meta deal caused Nvidia and AMD shares to fall due to concerns about increased competition in the AI chip market.
• Alibaba's AI division value increased by 34%, contributing to the company's overall revenue of $35 billion in the September quarter, which exceeded estimates.
• Ant Group's profit rose 10%, fueled by its strategic investments in AI and ongoing global expansion efforts.
• Nvidia CEO Jensen Huang stated that "AI is going everywhere, doing everything," reinforcing confidence that the AI trade is not a bubble.
• Oracle's stock dropped 38% from its peak, partly due to investor concerns regarding its high debt and reliance on OpenAI as a client.
• C3.ai stock increased by 3.88% ahead of an investor update, with the company aspiring to achieve success comparable to Palantir.
• Demand for custom AI chips is growing, as evidenced by Google's Gemini 3 AI model being powered by Broadcom chips and Google's potential direct sales to Meta.

Tech Stocks Soar as AI Trade Returns Strong

Stocks rallied on Monday, led by tech companies like Broadcom, as the AI trade regained favor. The S&P 500, Nasdaq 100, and Russell 2000 all climbed significantly. Optimism for a December rate cut from the Federal Reserve also boosted markets. Google's Gemini 3 AI model, powered by custom Broadcom chips, received high praise. This success suggests more demand for custom AI chips, potentially impacting Nvidia's market share.

Google May Sell AI Chips to Meta Nvidia AMD Fall

Google's stock rose while Nvidia and AMD shares fell after reports that Google is talking to Meta about selling billions of dollars worth of its custom AI chips. Google's TPUs, or tensor processing units, are usually rented through its cloud service. Selling them directly could give Google a significant share of the AI chip market. Meta might even use TPUs for demanding AI training tasks, not just inference.

Alibaba AI Division Jumps 34 Percent Commerce Recovers

Alibaba's AI division saw its value increase by 34% while its main Chinese e-commerce business showed signs of recovery. The company reported a 16% rise in Chinese e-commerce revenue. Alibaba is focusing on artificial intelligence for future growth, especially after relaunching its flagship Qwen mobile app. Alibaba Cloud, the company's cloud computing unit, also saw its revenue climb 3% in the quarter.

Alibaba Revenue Beats Estimates on AI Cloud Growth

Alibaba's revenue was higher than expected, driven by strong growth in its cloud and AI businesses. The cloud division, which includes the Qwen platform, grew by 34%. Overall revenue increased by 5% to 247.8 billion yuan, or about $35 billion, in the September quarter. The company's Chinese e-commerce revenue also rose by 16%. Alibaba's US shares gained more than 2% in pre-market trading.

Stock Futures Dip Nvidia AMD Fall on AI Concerns

Nasdaq and S&P 500 futures dropped as traders prepared for important economic data. Nvidia and AMD shares fell due to concerns about the AI market. A report suggested Google is talking to Meta about selling its Tensor Processing Unit AI chips. This news caused Alphabet and Broadcom shares to rise while Nvidia and AMD declined. Investors are also watching earnings reports from Dell and HP for clues about AI spending.

Tech and Crypto Rebound AI Stocks Lead Gains

Technology and cryptocurrency markets saw a strong rebound on Monday, November 24, 2025. All "Mag 7" tech stocks rose, with Alphabet gaining 6% to a new all-time high. Alphabet's success was linked to its Gemini 3 AI system and custom chips. Bitcoin also increased by 1.7% to around $89,000, and other crypto-related stocks like Robinhood and Strategy saw gains. This rebound suggests renewed interest in AI and crypto investments.

Nasdaq Jumps 2.7 Percent as AI Stocks Rebound

The Nasdaq Composite index surged by 2.7% on Monday, its biggest gain since May. This strong rebound was led by technology shares, especially chipmakers and AI-linked companies. Google's parent company, Alphabet, climbed over 6% to a record high after its Gemini AI models received praise. The S&P 500 also increased by 1.5%. This suggests that fears of an AI market bubble might be easing for now.

Ant Group Profit Rises 10 Percent Driven by AI

Ant Group, backed by Jack Ma, saw its profit increase by 10%. This growth was helped by the company's investments in AI and its global expansion efforts. Ant Group operates Alipay, a widely used financial services app in China. The company is focusing on AI to find new growth areas after facing regulatory challenges. Ant's reported earnings lag behind Alibaba's by one quarter.

C3ai Stock Rises Ahead of Investor Update

C3.ai stock increased by 3.88% ahead of a major investor update. Investors are hoping C3.ai can achieve success similar to Palantir. The company is scheduled to provide an update that could significantly impact its shareholders. The stock prices mentioned were from the afternoon of November 20, 2025.

Nvidia CEO Says AI Is Everywhere Oracle Stock Falls

Nvidia CEO Jensen Huang stated that "AI is going everywhere, doing everything." This comes after a strong third quarter for Nvidia, suggesting the AI trade is not a bubble. Meanwhile, Oracle's stock fell 38% from its highs, despite a previous strong quarter. Investors worry about Oracle's high debt and its reliance on OpenAI as a client. Oracle will report earnings in early December, which will be a key event for its future.

Sources

• Tech rally drives stocks higher as AI trade is back on
• Google jumps, Nvidia and AMD fall on report that the search giant is in talks to sell “billions of dollars” of its custom AI chips to Meta
• Alibaba’s AI Arm Surges 34% While China Commerce Bounces Back
• Alibaba’s AI Arm Surges 34% While China Commerce Bounces Back
• Nasdaq, S&P 500 Futures Slip As Traders Brace For Key Data — Nvidia, AMD Pullback Amid AI Skepticism
• Revenge of Tech: AI, Crypto Bounce Back
• IXIC: Nasdaq Composite Shoots Up 2.7% as AI Trade Stages Big Rebound
• Jack Ma-Backed Ant’s Profit Grew 10% After AI, Global Expansion
• Should You Buy C3.ai Stock Before the Huge Investor Update?
• Jensen Huang Says "AI is Going Everywhere, Doing Everything,"—Time to Get Back Into the Oversold AI Stocks?