Meta Stock Rises as Company Plans In-House AI Chip Rollout
TLDR
- Meta stock rose 2% Tuesday before paring gains to 0.75% after Bloomberg reported plans to deploy in-house AI chips in data centers in early 2027.
- The chip, called MTIA 450 or Arke, is Meta’s third-generation custom processor being developed with Broadcom and TSMC.
- A fourth-generation chip, dubbed Astrid, will finish design work in about a month and enter data centers by end of 2027.
- The move aims to reduce reliance on Nvidia and cut energy and infrastructure costs.
- Analysts hold a Strong Buy on META with an average 12-month price target of $758.03, representing 13.5% upside.
Meta Platforms (META) stock moved higher Tuesday morning, rising as much as 2% after Bloomberg reported the company plans to roll out its own custom AI chips in data centers during the first half of next year. The stock later pulled back, trading up around 0.75%.
The chip at the center of the news is the MTIA 450, also known as Arke. It is the third generation in Meta’s custom silicon program, which the company first announced in 2023.
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