NVDA - What's Going On With Alphabet Stock Tuesday? | Benzinga
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are trading higher Tuesday following reports suggesting the company is developing its own in-house chips to cut costs associated with AI development.
What To Know: According to a Wall Street Journal report, Google is rolling out a new in-house chip called Axion that can handle everything from YouTube advertising to big data analysis.
The in-house chip efforts are expected to reduce the company’s reliance on outside vendors and bring it into competition with longtime partners like Intel Corp (NASDAQ:INTC) and Nvidia Corp (NASDAQ:NVDA).
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