By Piero Cingari
Publication Date: 2025-12-01 15:43:00
The AI chip war is intensifying, and it’s no longer just about speed. Alphabet Inc. (NASDAQ:GOOGL) just delivered one of its strongest stock performances in years, riding a wave of investor excitement over next-gen AI models and a powerful in-house chip that now threatens Nvidia Corp.‘s (NASDAQ:NVDA) once-uncontested dominance in the artificial intelligence arms race.
Alphabet shares outperformed Nvidia by an eye-popping 30 percentage points in November, marking their most dominant one-month excess return since 2017.
Alphabet is the top performer among the Magnificent Seven in 2025, with shares up 70% year to date—more than double Nvidia’s gains.
Fueling the rally is more than just hype: it’s the debut of Gemini 3, Google’s most advanced AI model yet, and the rising impact of Tensor Processing Units (TPUs), its custom-built chip designed to rival Nvidia’s monopoly in AI compute.
Is this truly the moment when Nvidia’s reign over AI chips begins to fade, making room for a new…
