Nvidia's shares slipped below $200, closing at $199.48 amid Google's push into the AI chip market. Despite the dip, technical indicators suggest the longer-term bullish trend remains intact, with moving averages clustered around $181-$183 and MACD signaling buy.

Google is set to unveil its next-generation tensor processing units (TPUs) at the Google Cloud Next conference, targeting the inference market—a key growth area for Nvidia. The move signals intensifying competition in specialized AI hardware, with major players like Anthropic and Meta already committing to Google's TPUs.

Market dynamics are shifting as tech giants vertically integrate their AI stacks. Citadel Securities will showcase TPU performance advantages, while Abu Dhabi's G42 explores adoption—highlighting the global race for AI infrastructure dominance.