Should Nvidia be worried as OpenAI leans on Google's chips?

What happened: OpenAI (OPAI.PVT) is reportedly working with Google (GOOG) to produce AI chips, a move discussed as a diversification away from Nvidia (NVDA). OpenAI is also designing its own chips. Why it matters: A host said Nvidia should be somewhat worried, while another said Google's TPU buildout is a big win that entrenches it with a marquee client. Nvidia's response, per the discussion, is that it supplies racks, hardware, and software, not just chips. Market: +1.3% today ($320.96), +1.9% YTD, 0.3x vol — as of 14:33 UTC Coverage: 5 outlets in 24h

OpenAI (OPAI.PVT) is reportedly working with Google (GOOG) to produce AI chips, a move discussed as a diversification away from Nvidia (NVDA). OpenAI is also designing its own chips.

A host said Nvidia should be somewhat worried, while another said Google's TPU buildout is a big win that entrenches it with a marquee client. Nvidia's response, per the discussion, is that it supplies racks, hardware, and software, not just chips. Market: +1.3% today ($320.96), +1.9% YTD, 0.3x vol — as of 14:33 UTC