Meta to Double Compute Capacity, Launch Iris AI Chip in September
Meta plans to double computing capacity to 14GW by 2027 and begin manufacturing its in-house Iris AI chip in September, per Reuters. The news drove a surge in semiconductor and memory stocks including MU, SNDK, and AVGO, signaling increased demand for AI infrastructure.
Detected & updated continuously · Source: Ruma
Mentioned
Micron Technology (Backpack Securities) (mu)
Sandisk (Backpack Securities) (sndk)
Broadcom • Robinhood Token (avgo)Sources
@gmoneyNFT
$META with the uno reverse card this morning. during a holiday week, bloomberg reported that meta may rent out extra compute, implying hyperscalers have overbuilt capacity. today, reuters reports, from an internal leaked memo, that they are actually looking to DOUBLE compute
@StockXcapital
Reason why SEMIS and memory surging today $MU $SNDK $AVGO etc $META plans to double its computing capacity to 14GW in 2027 and begin manufacturing its in-house Iris AI chip in September, per Reuters citing an internal memo. The chip is part of Meta’s MTIA project, designed