Following reports that tech giant Meta (META) might start using Google’s (GOOGL) AI chips, chipmaker Nvidia (NVDA) responded by stating that it still leads in AI technology. In a post on X, Nvidia said that it remains “a generation ahead” of the industry and is the only platform that can run every AI model across all types of computing. To support its claim, Nvidia highlighted how its chips are more flexible and powerful than ASIC chips like Google’s Tensor Processing Units (TPUs), which are usually built for one specific task.
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Indeed, Nvidia’s newest chips, called Blackwell, are designed to handle a wide range of AI work, thereby making them more versatile. In addition, analysts say that Nvidia still holds over 90% of the AI chip market thanks to its strong graphics processing units (GPUs), although Google’s TPUs have recently gained more attention as a possible alternative. In fact, Google continues to build its own AI hardware and uses TPUs to train its new Gemini 3 model.
Nevertheless, Google doesn’t sell these chips directly. Instead, it offers them through Google Cloud while still relying on Nvidia GPUs. Still, a Google spokesperson said that demand is growing for both types of chips and that the company will keep supporting both. Moreover, Nvidia CEO Jensen Huang said that Google remains a key customer.
What Is a Good Price for NVDA?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Nvidia stock based on 39 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average Nvidia price target of $257.26 per share implies 44.7% upside potential.
