The biggest companies in tech aren't going all in on Nvidia (NVDA 0.87%) chips. In fact, they're working together to make sure Nvidia doesn't establish dominance.

Most concerning is the fact that the two major operating system providers for mobile phones -- Apple (AAPL 0.53%) and Alphabet (GOOG -1.74%) (GOOGL -1.51%) -- are building devices that won't use Nvidia chips. Travis Hoium digs into the news in the video below.

*Stock prices used were end-of-day prices of July 30, 2024. The video was published on July 30, 2024.