Meta's Potential Google TPU Deployment: Market Impact on GOOG, NVDA, META

On November 24, 2025 (EST), reports emerged that Meta Platforms (META) is in talks to deploy Google’s Tensor Processing Units (TPUs) in its data centers, reducing reliance on NVIDIA (NVDA) GPUs. This news led to Alphabet Inc.'s (GOOG) shares rising ~2% in after-hours trading, while NVDA shares fell ~1.8% [1][2].

• GOOG
  : Rose 2.1% to ~$325 (from regular session close of $318.47) [1][0].
• NVDA
  : Fell 1.8% with a reported $180 billion market value loss on the day [1].
• META
  : No immediate after-hours change reported, but Reddit users speculated on EPS gains from cost savings [2].

• GOOG
  : Extended its 6-month rally (85.91%) to close at $320.28 (+0.57% from Nov24) [0].
• NVDA
  : Recovered slightly to a market cap of $4.39 trillion as of Nov28 [1].
• META
  : Remained stable at $633.61 [0].

1. GOOG’s Rally
   : Driven by Gemini 3 reception and AI chip expansion, GOOG has surged 85.91% over 6 months [0].
2. NVDA’s Market Cap Loss
   : The $180 billion drop represents ~4% of its current market cap, indicating investor concern over potential customer loss [1].
3. Deal Validation
   : Meta’s potential multibillion-dollar commitment to Google TPUs validates Google’s AI chip strategy [1].

• Official Statements
  : No confirmation from Meta, Google, or NVDA [1][2].
• Deal Terms
  : Unclear total value, TPU volume, or cost savings for Meta [1].
• Timeline
  : 2027 deployment lacks integration milestones [1].

• NVDA
  : Potential loss of Meta as a customer could impact revenue growth [1].
• GOOG
  : Execution risk for on-prem TPU strategy [1].
• META
  : Integration costs and performance risks with TPU adoption [2].