Meta shares jump 5.2% on custom AI chip, cloud monetization plans

Product / TechCorporate Action Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Meta Platforms shares surged 5.2% in afternoon trading after the company unveiled a custom AI chip and plans to monetize excess computing capacity, reframing its heavy capital spending as a path to lower costs and new revenue. Meta will begin manufacturing its custom 'Iris' AI chip in September with Broadcom and TSMC, aiming to reduce reliance on Nvidia and AMD GPUs and lower inference and training costs over time. The company is building a $9.1 billion data center in Canada and targeting 14GW of total compute by 2027, with plans to rent excess capacity as an 'AI Cloud' to turn idle infrastructure into a revenue stream. Meta also introduced Muse Spark 1.1, an advanced coding model priced at about one-quarter of comparable OpenAI and Anthropic offerings, in a bid to attract developers to its ecosystem. The stock remains 15.5% below its 52-week high of $790 from August 2025.

Impact on stocks 5

Artificial Intelligence± Mixed · 4 stocks
Meta Platforms Inc.
META
▲ PositiveTechnologyCapitalrelevance

Meta unveiled a custom AI chip (Iris) and advanced coding model (Muse Spark 1.1), reducing reliance on external GPUs and lowering costs.

Broadcom Inc
AVGO
▲ PositiveDemandSupplyrelevance

Meta will manufacture its custom Iris AI chip with Broadcom, increasing demand for Broadcom's manufacturing services.

NVIDIA Corporation
NVDA
▼ NegativeCompetitionrelevance

Meta's custom Iris AI chip aims to reduce reliance on Nvidia GPUs, potentially lowering future demand for Nvidia's products.

Advanced Micro Devices Inc
AMD
▼ NegativeCompetitionrelevance

Meta's custom Iris chip aims to reduce reliance on AMD GPUs, potentially lowering future demand.

Semiconductors▲ · 1 stocks

Theme Impact 9

Off-coverage companies 2

AnthropicPrivate± Mixed
relevance

OpenAIPrivate± Mixed
relevance

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