Nvidia stock tumbles after hyperscaler earnings shift AI focus beyond GPUs

14 articles · Updated · Sherwood News · Apr 30

Meta and Google lifted 2026 capex guidance for four hyperscalers by about $15bn, yet Nvidia shares still fell as Amazon, Microsoft, Google and Meta highlighted in-house chips.
Executives promoted AWS Trainium and Graviton, Microsoft's Maia 200 and Cobalt, Google's owned silicon, and Meta's planned 1 gigawatt of custom chips with Broadcom plus AMD hardware.
Companies also said rising memory prices, not just GPU buying, are inflating infrastructure budgets. Nvidia still has deep partnerships and strong sales estimates, suggesting custom chips may augment rather than replace demand.

As giants like Google and Amazon build their own silicon, is Nvidia's AI chip monopoly about to be shattered?

With agentic AI demanding more CPU power, is the era of the GPU-centric data center coming to an end?