South Korean fabless AI chip startup Rebellions secured $400 million in pre-IPO funding to expand its operations in the US and challenge Nvidia's dominance.

Meta Platforms has signed a multi-year, multi-billion-dollar agreement to rent Google's Tensor Processing Units (TPUs) for AI model development, according to The Information. The deal marks a significant diversification away from Nvidia GPUs and follows Meta's recent chip agreements with AMD and Nvidia, underscoring the industry's massive AI infrastructure investment surge in 2026.

Nvidia reported record fiscal Q4 2026 revenue of $68.1B, up 73% year-over-year, with data center revenue surging 75% to $62.3B and Q1 guidance of $78B beating analyst expectations.

Amazon's Trainium and Google's TPUs are gaining traction, generating billions in revenue and providing a viable alternative to Nvidia's chips for major AI players like Anthropic.

Morgan Stanley and I/O Fund rank Micron Technology as top AI chip stock for 2026, with 57% revenue growth driven by AI memory and storage demand.

Analyst predicts Micron Technology will become the next trillion-dollar AI chip company, driven by explosive HBM demand and 40%+ gross margins across all business segments.

Nvidia CEO Jensen Huang plans a strategic visit to China to address declining AI chip sales and navigate complex U.S. export regulations ahead of the Lunar New Year.

Intel's stock fell 13% after the company reported difficulties meeting the high demand for AI data center chips and issued a weak revenue forecast for the first quarter of 2026.