On Thursday, a top tech analyst said Meta Platforms, Inc.'s (NASDAQ:META) massive AI infrastructure investment underscores its long-term ambitions, arguing the company's custom chip strategy is designed to expand computing capacity alongside Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc.
(NASDAQ:AMD) —not replace them.
Meta Isn't 'Replacing Nvidia And AMD,' Says Daniel Newman Reacting to a Reuters report, Futurum Group CEO Daniel Newman said investors should not mistake Meta’s growing in-house chip ambitions for a move away from its longtime semiconductor partners.
"$META won’t be the first to blink on Capex. $145 Billion this year while expanding in-house infrastructure capabilities," Newman wrote on X.
He added, "But to be clear, it isn’t replacing AMD and NVDA with in-house, it is augmenting to meet ambitious capacity requirements and demand expectations." $META won’t be the first to blink on Capex. $145 Billion this year while expanding in-house infrastructure capabilities.
