Neil Freiman

So you probably would think, hey, why don't we get some relief in home prices?

There is more availability online.

But the frequency of delistings, according to Redfin, is keeping inventory tighter than it looks on paper.

So home prices are still inching up 2% year over year.

We haven't seen them go completely negative.

They have in certain markets like Florida.

But overall, the national trend is still creeping higher.

And this delisting phenomenon is a big reason why.

One thing's become clear over the past few weeks.

The AI race is a marathon, not a sprint, and the companies who took an early lead might not be the ones crossing the finish line first.

In another instance of the leaderboard being shaken up, Nvidia tumbled nearly 3% yesterday after a report that Meta is in talks to buy billions of dollars worth of Google's homegrown processors in a deal that might previously have gone to Nvidia.

These chips, known as Tensor Processing Units, or TPUs, were developed in-house by Google more than a decade ago for complex AI tasks, and in the years since, they haven't left the nest.

But now, other companies want their hands on them.

Anthropic, back in October, said it would use up to 1 million TPUs from Google in a deal worth tens of billions of dollars, and now Meta is signaling interest in TPUs, which are cheaper than the chips Nvidia sells.

This is spooking NVIDIA investors because it threatens a business that accounts for 10% of the tech giant's revenue.

It all amounts to the AI leaderboard being shaken up more than moving day at the Masters.

All of a sudden, Google looks like the alpha dog while NVIDIA and fellow GPU maker AMD are showing cracks.

But the biggest loser of all as a result of these changing winds is open AI.

What was once considered tech's heir apparent is scrambling to respond to Google going beast mode only with fewer resources and a lot more skepticism.

Toby, if there is such a thing as momentum in the business world, it's shifting fast.