Nvidia and AMD stock rise on Meta AI chip deals

investors.com —

Nvidia and AMD announced separate deals with Meta Platforms to power the social media company's AI initiatives, causing Nvidia stock to rise. The agreements involve supplying AI hardware to Meta, with both chipmakers benefiting from increased demand. Nvidia's stock gained following the announcement, reflecting investor optimism about the partnerships. The deals highlight growing competition between Nvidia and AMD in the AI chip market, as Meta expands its artificial intelligence infrastructure. Financial terms were not disclosed.


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Nvidia and AMD stock rise on Meta AI chip deals | News Minimalist