Graphics chip maker Nvidia on Wednesday responded to a threat from Alphabet's latest efforts to use its own chip for artificial intelligence workloads. That effort could eventually blunt Nvidia's growth, which is being driven by companies using Nvidia's chips for AI processing.
Nvidia has become closely associated with this type of computing in the past few years, and the stock has shot up as investors have caught on and sales have increased. Shares have appreciated more than 200 percent in the last year, and almost 30 percent since the beginning of 2017.
Nvidia stock fell last week after Google announced the second-generation TPU, its most competitive processor, but it has since rebounded.