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Stock impact report

Meta Platform (META) Signs Multibillion-Dollar AI Chip Agreement With Google [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
Meta Platforms Inc. (NASDAQ: META ) is one of the 15 best stocks to invest in according to billionaires On February 27, Meta Platforms Inc. (NASDAQ:META) signed an agreement to lease Google's (GOOGL) AI chips, called tensor processing units, for developing new AI models, according to The Information's Amir Efrati and Anissa Gardizy, who cited a source familiar with the discussions. The agreement spans multiple years and is reportedly worth billions of dollars. On February 10, Citizens analyst Andrew Boone maintained his Market Outperform rating for Meta Platforms Inc. (NASDAQ:META), with a $900 price target. The rating was primarily fueled by massive engagement on Instagram. Meta Platform (META) Signs Multibillion-Dollar AI Chip Agreement With Google d8nn / Shutterstock.com According to Boone, Instagram's global time spent surged 19.2% year-over-year in January, consistently outpacing user growth, which saw a modest 6% increase. In the U.S., engagement rose 16.5% despite ju Show less Read more
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