Bloomberg Intelligence projects Google TPU sales could exceed $50 billion by 2027. TPU systems contributed meaningfully to Google Cloud’s growth in the third quarter. Nvidia shares fell 10% in after-hours trading following reports that its board is preparing to oust CEO Jensen Huang. The reports also describe board investigations into Huang’s ties to an executive and a businesswoman identified as a Chinese intelligence asset. Alphabet and AMD are viewed as primary beneficiaries as customers diversify AI hardware suppliers.
Taiwan’s Taiex index fell 2.63% following a Wall Street Journal report that Nvidia’s board is preparing to remove CEO Jensen Huang from his position.
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