Alphabet’s stock rises as possible Meta chip deal highlights new twist in the AI trade

Published: Nov. 24, 2025 at 10:23 p.m. ET

Meta Platforms investors may not know how to feel about the Facebook parent company’s stepped-up artificial-intelligence investments lately, but Alphabet investors seem to be liking the sound of them.

Shares of Alphabet GOOG GOOGL rose 2.7% in after-hours trading Monday, toward fresh highs, after The Information reported that Meta META was considering outfitting its data centers with perhaps billions of dollars’ worth of custom chips from Google.