Nvidia Stock Decline in November Presents Black Friday Buying Opportunity Amid AI Market Dynamics

Nvidia's stock has experienced a 13% decline in November, marking its worst monthly performance since March. This presents a potential buying opportunity for Black Friday. Analysts believe the stock has room to rally despite challenges posed by competition from Google's AI advancements. Investors are reassessing high valuations in the AI sector, but historical trends suggest a potential recovery in December.

Latest News

12-02

Nvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls

12-01

Mixed Market with Notable Declines in NIO and NVIDIA

12-01

U.S. Stocks Open Lower on Monday; Nvidia Drops 1%; Synopsys Jumps 7%

User Discussion

alexliam

12-02

Undervalued Nvidia shares indeed. Looking forward to the inevitable rally

Nvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls

{"i18n":{"language":"en_US"},"financialEventData":{"themeId":"3bd78eb855675345bb9be39f23fb8a10","name":"Nvidia Stock Decline in November Presents Black Friday Buying Opportunity Amid AI Market Dynamics","description":"Nvidia's stock has experienced a 13% decline in November, marking its worst monthly performance since March. This presents a potential buying opportunity for Black Friday. Analysts believe the stock has room to rally despite challenges posed by competition from Google's AI advancements. Investors are reassessing high valuations in the AI sector, but historical trends suggest a potential recovery in December.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1764377783434,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":3bd78eb855675345bb9be39f23fb8a10}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":["NVDA"],"tweetCounts":1,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"Nvidia Stock Decline in November Presents Black Friday Buying Opportunity Amid AI Market Dynamics","tweetAmount":1,"imageIsDefault":false,"aiDerivativeIssues":[]},"news":[{"id":415135,"article_id":"2588777762","title":"Nvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls","subtitle":"","subtitle_show":0,"pub_time":1764631995500,"source_id":"","language":"en","url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":1,"symbols_score_info":{"NVDA":2},"rights":null},{"id":414676,"article_id":"1101051751","title":"Mixed Market with Notable Declines in NIO and NVIDIA","subtitle":"","subtitle_show":0,"pub_time":1764599471257,"source_id":"","language":"en","url":"","is_publish_highlight":0,"symbols_score_info":{".DJI":1,".IXIC":1,".SPX":1},"rights":null},{"id":414675,"article_id":"1122165674","title":"U.S. Stocks Open Lower on Monday; Nvidia Drops 1%; Synopsys Jumps 7%","subtitle":"","subtitle_show":0,"pub_time":1764599400000,"source_id":"","language":"en","url":"","is_publish_highlight":1,"symbols_score_info":{".DJI":2,".IXIC":2,".SPX":2,"NVDA":2,"SNPS":2},"rights":null},{"id":413561,"article_id":"2586736886","title":"Nvidia Stock Falls to End Rough Month. Why History Says December Will Be a Relief","subtitle":"","subtitle_show":0,"pub_time":1764376191500,"source_id":"","language":"en","url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":1,"symbols_score_info":{"2NVD.UK":0.6,"3NVD.UK":0.6,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDA":1.5,"NVDD":0.6,"NVDL":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"NVIW.SI":0.6,"SNVD.UK":0.6},"rights":null},{"id":413560,"article_id":"1138195702","title":"Nvidia Stock Dips in November, But Wall Street Smells a Massive AI Comeback","subtitle":"","subtitle_show":0,"pub_time":1764343763500,"source_id":"","language":"en","url":"","is_publish_highlight":1,"symbols_score_info":{"NVDA":2},"rights":null},{"id":413559,"article_id":"1131521022","title":"Wedbush: NVIDIA Remains the \"Godfather of AI,\" Unshaken by Google's TPU","subtitle":"","subtitle_show":0,"pub_time":1764315629012,"source_id":"Deep News","language":"en","url":"","is_publish_highlight":0,"symbols_score_info":{"2NVD.UK":1,"3NVD.UK":1,"GOOG":1,"GOOGL":1,"NVD":1,"NVD2.UK":1,"NVD3.UK":1,"NVDA":1,"NVDD":1,"NVDL":1,"NVDS":1,"NVDS.UK":1,"NVDU":1,"NVDX":1,"NVDY":1,"NVIW.SI":1,"SNVD.UK":1,"USJW.SI":1},"rights":null},{"id":413558,"article_id":"2586242065","title":"Nvidia Stock Could Be a Black Friday Bargain Amid Google AI Threat. Here's Why","subtitle":"","subtitle_show":0,"pub_time":1764254906500,"source_id":"","language":"en","url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":1,"symbols_score_info":{"NVDA":2},"rights":null}],"views":[],"tweetList":[{"id":506286418854312,"gmtCreate":1764635119014,"gmtModify":1764635122757,"author":{"id":"4092737024653350","authorId":"4092737024653350","name":"alexliam","avatar":"https://community-static.tradeup.com/news/800d9eeaf25151ecb80e9675139f8bc2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092737024653350","authorIdStr":"4092737024653350"},"themes":[],"title":"","htmlText":"Undervalued Nvidia shares indeed. Looking forward to the inevitable rally&nbsp;","listText":"Undervalued Nvidia shares indeed. Looking forward to the inevitable rally&nbsp;","text":"Undervalued Nvidia shares indeed. Looking forward to the inevitable rally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/506286418854312","repostId":"2588777762","repostType":4,"repost":{"id":"2588777762","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1764631995,"share":"https://ttm.financial/m/news/2588777762?lang=en_US&edition=fundamental","pubTime":"2025-12-02 07:33","market":"us","language":"en","title":"Nvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=2588777762","media":"Dow Jones","summary":"History suggests Nvidia's valuation multiple can expand meaningfully from here, according to a BofA analyst. Nvidia, led by CEO Jensen Huang, is facing heightened competition from custom chips.Concerns about Nvidia have dragged the stock's valuation near historically low levels - and that suggests big gains could be in store, according to a BofA analyst.The good news for Nvidia investors is that in the prior instances where the stock's multiple reached these levels, its forward P/E \"usually rebounded\" to a range between 30 and 40 in the following three to six months, Arya said. Over the past five years, that's led to a median forward price-to-earnings multiple of 37, he noted.See also: Alphabet and Nvidia alone make up a third of the S&P 500's gains this year, in a sign of Big Tech's dominance. Additionally, Nvidia shares are trading at their widest-ever discount to shares of Broadcom  - about 40%, according to Arya, who pointed out that usually Nvidia shares trade at about a 10% disco","content":"<html><head></head><body><p>Concerns about Nvidia have dragged the stock&#39;s valuation near historically low levels - and that suggests big gains could be in store, according to a BofA analyst.</p><p>Shares of the chip maker (NVDA) are currently trading at a forward price-to-earnings multiple of about 25. That&#39;s similar to previous recent &#34;troughs&#34; in October 2023 and July 2022, BofA&#39;s Vivek Arya said in a Monday note.</p><p>The good news for Nvidia investors is that in the prior instances where the stock&#39;s multiple reached these levels, its forward P/E &#34;usually rebounded&#34; to a range between 30 and 40 in the following three to six months, Arya said. Over the past five years, that&#39;s led to a median forward price-to-earnings multiple of 37, he noted.</p><p>See also: Alphabet and Nvidia alone make up a third of the S&amp;P 500&#39;s gains this year, in a sign of Big Tech&#39;s dominance</p><p>Additionally, Nvidia shares are trading at their widest-ever discount to shares of Broadcom <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> - about 40%, according to Arya, who pointed out that usually Nvidia shares trade at about a 10% discount.</p><p>On a conceptual basis, this reflects consensus estimates &#34;already implicitly&#34; shifting at least 10 points of AI market share toward Broadcom when looking at the second half of 2026 and the whole of 2027, Arya said.</p><p>Investors increasingly are debating the impact that application-specific integrated circuits designed by players like Broadcom will have on demand for graphics processing units from Nvidia and Advanced Micro Devices <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>.</p><p>Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> saw its shares rally last month after Google introduced Gemini 3, which it said outperformed top AI models from competitors such as OpenAI and Anthropic. The tech giant said it used its tensor processing units to train the AI model, leading to jitters in a market already anxious about whether Nvidia would be able to hold on to all its market share in a competitive industry. Google has worked on its TPUs with Broadcom for more than a decade.</p><p>However, Arya said tight chip supply and Nvidia&#39;s &#34;leading allocation&#34; from <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> Co. <a href=\"https://laohu8.com/S/TSM\">$(TSM)$</a> (TW:2330), which also manufactures chips for Broadcom, will likely make it harder for customers to change over the next year. And Google&#39;s custom chips &#34;have been proven only in Google&#39;s data center,&#34; while Nvidia&#39;s chips have been more widely used.</p><p>Morgan Stanley analyst Joseph Moore said he expects Nvidia to keep &#34;dominant market share,&#34; as recent worries over the threat of ASICs &#34;are becoming overstated.&#34; However, Moore said in a Monday note that it&#39;s not clear what will be able to flip negative investor sentiment.</p><p>Moore&#39;s Morgan Stanley team is modeling for Broadcom and AMD to see revenue from AI chips grow &#34;slightly faster&#34; than Nvidia&#39;s in 2026, &#34;but that mostly just reflects supply-chain limitations of a $205 [billion] run-rate revenue stream,&#34; Moore said. Supply of key AI components is expected to be constrained through next year.</p><p>Over the next 12 months, Moore said &#34;customers&#39; biggest anxiety&#34; revolves around getting enough of Nvidia&#39;s products, especially with its upcoming Rubin AI platform.</p><p>&#34;Of course, everyone wants an alternative, and those alternatives will have good economics for some applications,&#34; Moore said. &#34;TPU is by all accounts a solid alternative, and one that has meaningfully contributed to several key models.&#34;</p><p>However, Nvidia&#39;s $51 billion in data-center revenue in the last quarter is about 14 times Google&#39;s TPU revenue, Moore noted, and the $10 billion that Nvidia just logged in sequential revenue growth is about three times that total TPU number.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia's Stock Is Almost Historically Cheap - And That's A Good Sign For Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-02 07:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Concerns about Nvidia have dragged the stock&#39;s valuation near historically low levels - and that suggests big gains could be in store, according to a BofA analyst.</p><p>Shares of the chip maker (NVDA) are currently trading at a forward price-to-earnings multiple of about 25. That&#39;s similar to previous recent &#34;troughs&#34; in October 2023 and July 2022, BofA&#39;s Vivek Arya said in a Monday note.</p><p>The good news for Nvidia investors is that in the prior instances where the stock&#39;s multiple reached these levels, its forward P/E &#34;usually rebounded&#34; to a range between 30 and 40 in the following three to six months, Arya said. Over the past five years, that&#39;s led to a median forward price-to-earnings multiple of 37, he noted.</p><p>See also: Alphabet and Nvidia alone make up a third of the S&amp;P 500&#39;s gains this year, in a sign of Big Tech&#39;s dominance</p><p>Additionally, Nvidia shares are trading at their widest-ever discount to shares of Broadcom <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> - about 40%, according to Arya, who pointed out that usually Nvidia shares trade at about a 10% discount.</p><p>On a conceptual basis, this reflects consensus estimates &#34;already implicitly&#34; shifting at least 10 points of AI market share toward Broadcom when looking at the second half of 2026 and the whole of 2027, Arya said.</p><p>Investors increasingly are debating the impact that application-specific integrated circuits designed by players like Broadcom will have on demand for graphics processing units from Nvidia and Advanced Micro Devices <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>.</p><p>Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> saw its shares rally last month after Google introduced Gemini 3, which it said outperformed top AI models from competitors such as OpenAI and Anthropic. The tech giant said it used its tensor processing units to train the AI model, leading to jitters in a market already anxious about whether Nvidia would be able to hold on to all its market share in a competitive industry. Google has worked on its TPUs with Broadcom for more than a decade.</p><p>However, Arya said tight chip supply and Nvidia&#39;s &#34;leading allocation&#34; from <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> Co. <a href=\"https://laohu8.com/S/TSM\">$(TSM)$</a> (TW:2330), which also manufactures chips for Broadcom, will likely make it harder for customers to change over the next year. And Google&#39;s custom chips &#34;have been proven only in Google&#39;s data center,&#34; while Nvidia&#39;s chips have been more widely used.</p><p>Morgan Stanley analyst Joseph Moore said he expects Nvidia to keep &#34;dominant market share,&#34; as recent worries over the threat of ASICs &#34;are becoming overstated.&#34; However, Moore said in a Monday note that it&#39;s not clear what will be able to flip negative investor sentiment.</p><p>Moore&#39;s Morgan Stanley team is modeling for Broadcom and AMD to see revenue from AI chips grow &#34;slightly faster&#34; than Nvidia&#39;s in 2026, &#34;but that mostly just reflects supply-chain limitations of a $205 [billion] run-rate revenue stream,&#34; Moore said. Supply of key AI components is expected to be constrained through next year.</p><p>Over the next 12 months, Moore said &#34;customers&#39; biggest anxiety&#34; revolves around getting enough of Nvidia&#39;s products, especially with its upcoming Rubin AI platform.</p><p>&#34;Of course, everyone wants an alternative, and those alternatives will have good economics for some applications,&#34; Moore said. &#34;TPU is by all accounts a solid alternative, and one that has meaningfully contributed to several key models.&#34;</p><p>However, Nvidia&#39;s $51 billion in data-center revenue in the last quarter is about 14 times Google&#39;s TPU revenue, Moore noted, and the $10 billion that Nvidia just logged in sequential revenue growth is about three times that total TPU number.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","NVDA":"英伟达","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","BK4567":"ESG概念","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588777762","content_text":"Concerns about Nvidia have dragged the stock's valuation near historically low levels - and that suggests big gains could be in store, according to a BofA analyst.Shares of the chip maker (NVDA) are currently trading at a forward price-to-earnings multiple of about 25. That's similar to previous recent \"troughs\" in October 2023 and July 2022, BofA's Vivek Arya said in a Monday note.The good news for Nvidia investors is that in the prior instances where the stock's multiple reached these levels, its forward P/E \"usually rebounded\" to a range between 30 and 40 in the following three to six months, Arya said. Over the past five years, that's led to a median forward price-to-earnings multiple of 37, he noted.See also: Alphabet and Nvidia alone make up a third of the S&P 500's gains this year, in a sign of Big Tech's dominanceAdditionally, Nvidia shares are trading at their widest-ever discount to shares of Broadcom $(AVGO)$ - about 40%, according to Arya, who pointed out that usually Nvidia shares trade at about a 10% discount.On a conceptual basis, this reflects consensus estimates \"already implicitly\" shifting at least 10 points of AI market share toward Broadcom when looking at the second half of 2026 and the whole of 2027, Arya said.Investors increasingly are debating the impact that application-specific integrated circuits designed by players like Broadcom will have on demand for graphics processing units from Nvidia and Advanced Micro Devices $(AMD)$.Alphabet $(GOOGL)$ $(GOOG)$ saw its shares rally last month after Google introduced Gemini 3, which it said outperformed top AI models from competitors such as OpenAI and Anthropic. The tech giant said it used its tensor processing units to train the AI model, leading to jitters in a market already anxious about whether Nvidia would be able to hold on to all its market share in a competitive industry. Google has worked on its TPUs with Broadcom for more than a decade.However, Arya said tight chip supply and Nvidia's \"leading allocation\" from Taiwan Semiconductor Manufacturing Co. $(TSM)$ (TW:2330), which also manufactures chips for Broadcom, will likely make it harder for customers to change over the next year. And Google's custom chips \"have been proven only in Google's data center,\" while Nvidia's chips have been more widely used.Morgan Stanley analyst Joseph Moore said he expects Nvidia to keep \"dominant market share,\" as recent worries over the threat of ASICs \"are becoming overstated.\" However, Moore said in a Monday note that it's not clear what will be able to flip negative investor sentiment.Moore's Morgan Stanley team is modeling for Broadcom and AMD to see revenue from AI chips grow \"slightly faster\" than Nvidia's in 2026, \"but that mostly just reflects supply-chain limitations of a $205 [billion] run-rate revenue stream,\" Moore said. Supply of key AI components is expected to be constrained through next year.Over the next 12 months, Moore said \"customers' biggest anxiety\" revolves around getting enough of Nvidia's products, especially with its upcoming Rubin AI platform.\"Of course, everyone wants an alternative, and those alternatives will have good economics for some applications,\" Moore said. \"TPU is by all accounts a solid alternative, and one that has meaningfully contributed to several key models.\"However, Nvidia's $51 billion in data-center revenue in the last quarter is about 14 times Google's TPU revenue, Moore noted, and the $10 billion that Nvidia just logged in sequential revenue growth is about three times that total TPU number.","news_type":1,"symbols_score_info":{"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}