Meta-Google TPU Deal Talks: Market Impact on GOOG, META, and NVDA

Meta Platforms (META) is in discussions with Google (GOOG) to deploy Google’s AI chips (TPUs) in its data centers, a move that could challenge NVIDIA’s (NVDA) dominance in the AI chip market [1]. On November24,2025, GOOG shares rose ~2% in after-hours trading to $327, while NVDA fell ~2% in after-hours [1]. GOOG has rallied ~52% since mid-September, supported by positive reception of its Gemini3 AI model [0]. Market cap data as of Nov30 shows NVDA ($4.30T) leading GOOG ($3.86T), disproving claims of GOOG surpassing NVDA by year-end [0].

1. Google’s TPUs are emerging as a credible alternative to NVDA’s GPUs, as evidenced by Meta’s consideration [1].
2. GOOG’s Nov24 volume spike (55.31M) indicates investor FOMO, aligning with user comments [0].
3. Meta’s potential switch to TPUs could boost EPS via cost savings but may face significant integration costs [0].

• GOOG expands TPU market share and revenue potential from Meta [1].
• META reduces dependency on NVDA’s premium GPUs, potentially lowering operational costs [1].

• Execution Risk
  : The deal is still in talks with no guarantee of finalization [1].
• NVDA Customer Loss
  : NVDA risks losing Meta as a key customer, impacting revenue [0].
• Integration Costs
  : Meta may incur high costs to switch from NVDA GPUs to Google TPUs, offsetting potential savings [0].

Source: [0]

• NVDA: $4.30T
• GOOG: $3.86T
• META: $1.63T

Source: [0]

1. Deal terms (size, pricing, duration) [1].
2. Meta’s current NVDA GPU usage percentage.
3. Google’s TPU production capacity to meet Meta’s needs [1]