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VERIFIEDMint Markets·positive
Meta stock surges 7.5% as report says AI chip production could begin this year
AI Summary
- ·Meta Platforms shares increased by approximately 7.5% to $677.9.
- ·A report indicates Meta will produce its custom AI chip, codenamed Iris.
- ·The company aims to significantly increase computing capacity this year with partners Broadcom and TSMC.