US Stock Market Move | Some technology stocks fell. Alphabet Inc. Class C (GOOGL.US) dropped more than 2%.

On Wednesday, some technology stocks fell, with Oracle Corporation (ORCL.US) dropping 5%, NVIDIA Corporation (NVDA.US), Alphabet Inc. Class C (GOOGL.US), and Broadcom Inc. (AVGO.US) falling over 2%. Sources revealed that Alphabet Inc. Class C is advancing a new plan to enhance the performance of its AI chips when running the most widely used AI software framework PyTorch globally. This move aims to weaken NVIDIA Corporation's long-standing dominance in the AI computing market. Sources said that this new plan, internally codenamed "TorchTPU," aims to eliminate key barriers hindering the widespread adoption of TPU chips, making them fully compatible with PyTorch and providing a more user-friendly development experience for customers who have already built systems using PyTorch. Some sources mentioned that Alphabet Inc. Class C is also considering open-sourcing some of the software to accelerate customer adoption. PyTorch is an open-source project strongly supported by Meta Platforms and is one of the most commonly used tools for developing AI models.