Google's chip business is on a faster track than Nvidia's own AI boom

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Nvidia (NVDA) is investigating its own CEO. Google is busy building the chips that could take its customers. Nvidia is down more than 5% premarket, trading at its lowest level since April 7, as its board looks into CEO Jensen Huang's relationship with an alleged Chinese spy. Alphabet (GOOGL) is up about 2%. It's the latest chapter in Wall Street's first $4.5 trillion CEO scandal. Google introduced two new tensor processing units, or TPUs — its homegrown AI chips — on Monday. The TPU 8tx and TPU 8i Max join the 8t and 8i it unveiled in April, the first time Google has introduced four TPU systems in a single year. Both new chips ship next year. Think of it as a chip menu.