AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Moves to Challenge Nvidia (NASDAQ: NVDA) With Potential AI Chip Acquisition

Meta Platforms (NASDAQ: META) is reportedly in discussions to acquire South Korean chip startup FuriosaAI, a move that could challenge Nvidia’s (NASDAQ:NVDA) dominance in AI hardware. FuriosaAI specializes in inference chips designed for artificial intelligence models, and this potential acquisition aligns with Meta’s strategy to enhance its in-house AI capabilities, reducing reliance on external suppliers like Nvidia. This development comes as Meta continues its impressive stock rally, with shares rising consistently over the past weeks.

As of 7:12 AM ET on Feb. 18, Meta Platforms’ stock is trading at $736.67, reflecting an increase of $8.06 (1.11%) from the previous close. Nvidia’s stock is trading at $138.85, up $3.51 (2.59%) from the previous close.

To view the full article, visit https://ibn.fm/zi4Mu

About Meta Platforms

Meta Platforms, Inc. is a leading technology company specializing in social media and artificial intelligence. Known for its flagship products, including Facebook and Instagram, Meta is committed to connecting people and building communities worldwide. The company invests heavily in AI research and development to enhance user experiences and drive innovation across its platforms.

About AINewsWire

AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.

AINW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit www.AINewsWire.com

Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer

AINewsWire
Austin, Texas
www.AINewsWire.com
512.354.7000 Office
Editor@AINewsWire.com

AINewsWire is powered by IBN

AINewsWire

Share
Published by
AINewsWire

Recent Posts

AINewsBreaks – Adageis Brings Key Advantages in Pivot to Value-Based Healthcare

Adageis offers providers tools that simplify operations and improve financial performance as healthcare shifts further toward…

2 days ago

AINewsBreaks – BluSky AI Inc. (OTC: BSAI) Taps IBN to Lead Communications Strategy for Modular AI Data Center Push 

BluSky AI (OTC: BSAI), a developer of modular, GPU-centric data center infrastructure, has engaged IBN…

2 days ago

AINewsBreaks – Nightfood Holdings Inc. (NGTF) Poised to Disrupt Hospitality with AI and Automation

Nightfood Holdings’ (OTCQB: NGTF) new leadership team is poised to leverage combined expertise to facilitate the…

3 days ago

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Signs MOU to Advance Quantum Computing in South Korea

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, announced…

1 week ago

AINewsBreaks – BluSky AI Inc. (OTC: BSAI) to Upgrade to OTCID Tier on July 1, Signaling Stronger Market Position

BluSky AI (OTC: BSAI) announced it will transition from the OTC Pink Sheets to the…

2 weeks ago

AINewsBreaks – Why Beeline Holdings Inc. (NASDAQ: BLNE) Is ‘One to Watch’

Beeline Holdings (NASDAQ: BLNE) is a technology-forward mortgage and title platform leveraging AI, automation, and intuitive…

2 weeks ago