By Ines Ferré
Publication Date: 2026-04-30 22:29:00
What happened: Nvidia (NVDA) stock tumbled more than 4% on Thursday as other chipmakers gained.
What’s behind the move: Investors may be weighing rising competition for Nvidia, which has so far been the dominant play in the AI infrastructure space. In its earnings call on Wednesday, Amazon (AMZN) noted its in-house chips business is booming, while Alphabet’s Google (GOOG, GOOGL) said it plans to sell its custom Tensor Processing Units (TPUs) to select customers who will install the chips in their own data centers.
Meanwhile, a crackdown on chip smuggling in China has nearly doubled prices for Nvidia’s B300 servers to $1 million each, according to a Reuters report. Nvidia’s most powerful server is restricted in China.
Read more: The latest tech stock news and updates
What else you need to know: Amazon’s and Google’s in-house chips are different than the ones Nvidia offers, and the AI chip heavy has largely dismissed any fears that other tech giants will erode…
