Why Meta Platforms Stock Surged This Week
New AI innovations are piquing investors' interest.
Overview
Shares of Meta Platforms (NASDAQ: META) climbed about 15% this past week after the social media and cloud computing colossus disclosed some exiting developments.
Image source: The Motley Fool.
Meta will launch a custom-designed artificial intelligence (AI) chip in September, according to a Reuters. The new chips are part of the cloud giant's plans to increase its computing capacity to 14 gigawatts (GW) in 2027 from a projected 7 GW in 2026.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.