NVIDIA shares fell 1.78% on Friday, closing at $144.60 after Meta Platforms’ CEO Mark Zuckerberg revealed plans for a major AI investment in 2025. Zuckerberg emphasized the creation of sophisticated model Llama 4 and outlined ambitious goals to build a 1GW computational power data center by year-end. With plans to expand to over 2GW, Meta aims to solidify its leadership in AI with significant capital expenditures of $60 to $65 billion. This move underscores NVIDIA’s pivotal role in the development of AI infrastructure, as increasing demands for GPUs accelerate businesses’ AI capabilities. The announcement reflects Meta’s strategic shift toward artificial intelligence and technological supremacy, while NVIDIA remains a key supplier for this evolving landscape.
This article first appeared on GuruFocus.
Source: https://finance.yahoo.com/news/nvidia-stock-drops-meta-unveils-170648244.html