By Reuters
Publication Date: 2025-11-25 10:59:00
Item 1 of 5 Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., November 25, 2025. REUTERS/Brendan McDermid
[1/5]Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., November 25, 2025. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
Nov 25 (Reuters) – Wall Street’s main indexes were mixed on Thursday as investors took stock of economic data that had been delayed by the U.S. government shutdown, while Nvidia’s shares tumbled on concerns over intensifying competition in the AI chip space.
Alphabet’s shares (GOOGL.O), opens new tab rose about 1% after the Information reported Facebook-parent Meta Platforms <META.O, opens new tab> was in discussions to use Google’s AI chips in its data centers from 2027 and rent chips from Google Cloud by next year.
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Nvidia (NVDA.O), opens new tab, which currently dominates the AI chips sector, dropped 4.5% to a two-month low, while Advanced Micro Devices (AMD.O), opens new tab fell 7.2%.
The Philadelphia SE Semiconductor index (.SOX), opens new tab dropped 1.6%, having bounced 4.6% on Monday.
“There’s a false expectation that there’s only one chip company out there and no…