Mark Zuckerberg’s Meta Is Putting Its In-House Iris AI Chip Into Production in September as Part of a Plan to Double Its Computing Capacity to 14 Gigawatts
Key Points Meta’s plan to build more efficient AI compute capacity could be significant for shareholders. Meta’s forward P/E multiple lags behind those of most of its “Magnificent Seven” peers. Wall Street remains skeptical about Meta’s capital spending plans, yet the company continues to report robust ad revenue growth. 10 stocks we like better than […]