Google parent Alphabet (GOOGL) reportedly is in talks with Meta Platforms (META) and others to let them use its Tensor AI chips, expanding its Nvidia (NVDA) rivalry. Google and AI chip partner Broadcom (AVGO) rose late. Nvidia stock and Advanced Micro Devices (AMD) fell.

Google has traditionally used its customer tensor processing units (TPUs) to its own data centers, renting them out to customers. But The Information reported late Monday that Google is now offering to sell TPUs for use in customers' own data centers.