Nvidia stock is closing in on its all-time closing high of just over $207 despite a report of new AI chip announcements from Google.

It can be tough to chase breakout moments, especially if a consolidating stock has already dealt out a fake-out in the past year. In any case, Nvidia (NASDAQ:NVDA | NVDA Price Prediction) shares were quite quick to tumble below $200 per share after rejoining the $5 trillion club,

Google is packing ample amounts of static random access memory into a dedicated chip for running artificial intelligence models, following Nvidia's plans.

Virgo Networking is a data center network fabric designed for megascale AI. Introduced by Google, it serves as the backbone for Google’s AI Hypercomputer and will enable the Vera Rubin A5X instance to scale to 960,000 graphics processing units across multiple sites.

Google is for the first time splitting its AI chips into two lines, a sign that a new AI battleground is emerging.

Google's newest TPUs are faster and cheaper than the previous versions. But the company is still embracing Nvidia in its cloud — for now.

Nvidia’s upcoming Vera Rubin platform is set to power Google Cloud’s new bare metal virtual machine (VM) instances for AI inference. The A5X instances, unveiled at the hyperscaler’s annual Next event,

Nvidia stock fell after quarterly earnings reports from Google and Amazon indicated rising competition in the AI chips business.