Deepwater Asset Management’s Gene Munster says Meta Platform Inc.’s (NASDAQ:META) plans to invest up to $65 billion this year to expand its AI infrastructure will benefit Nvidia Corp. (NASDAQ:NVDA) and other hardware players.
What Happened: Meta CEO Mark Zuckerberg on Friday outlined the company’s capital spending plans for 2025 and its focus on artificial intelligence (AI).
Zuckerberg expects Meta to allocate between $60 billion and $65 billion for capital spending, primarily aimed at expanding the company’s AI teams and building a new data center. he described the new data center as being “so large that it would cover a significant part of Manhattan.” The tech mogul further noted that Meta aims to bring a gigawatt of computing power online by 2025 and is projected to finish the year with over 1.3 million graphics processing units.
Weighing in on the announcement, Munster said Meta’s commitment “exceeds Street estimates of $51B.”
“In 2025, I expect Meta AI will be the leading assistant serving more than 1 billion people, Llama 4 will become the leading state of the …
Full story available on Benzinga.com
Deepwater Asset Management’s Gene Munster says Meta Platform Inc.’s (NASDAQ:META) plans to invest up to $65 billion this year to expand its AI infrastructure will benefit Nvidia Corp. (NASDAQ:NVDA) and other hardware players.
What Happened: Meta CEO Mark Zuckerberg on Friday outlined the company’s capital spending plans for 2025 and its focus on artificial intelligence (AI).
Zuckerberg expects Meta to allocate between $60 billion and $65 billion for capital spending, primarily aimed at expanding the company’s AI teams and building a new data center. he described the new data center as being “so large that it would cover a significant part of Manhattan.” The tech mogul further noted that Meta aims to bring a gigawatt of computing power online by 2025 and is projected to finish the year with over 1.3 million graphics processing units.
Weighing in on the announcement, Munster said Meta’s commitment “exceeds Street estimates of $51B.”
“In 2025, I expect Meta AI will be the leading assistant serving more than 1 billion people, Llama 4 will become the leading state of the …
Full story available on Benzinga.com
Deepwater Asset Management’s Gene Munster says Meta Platform Inc.’s (NASDAQ:META) plans to invest up to $65 billion this year to expand its AI infrastructure will benefit Nvidia Corp. (NASDAQ:NVDA) and other hardware players.
What Happened: Meta CEO Mark Zuckerberg on Friday outlined the company’s capital spending plans for 2025 and its focus on artificial intelligence (AI).
Zuckerberg expects Meta to allocate between $60 billion and $65 billion for capital spending, primarily aimed at expanding the company’s AI teams and building a new data center. he described the new data center as being “so large that it would cover a significant part of Manhattan.” The tech mogul further noted that Meta aims to bring a gigawatt of computing power online by 2025 and is projected to finish the year with over 1.3 million graphics processing units.
Weighing in on the announcement, Munster said Meta’s commitment “exceeds Street estimates of $51B.”
“In 2025, I expect Meta AI will be the leading assistant serving more than 1 billion people, Llama 4 will become the leading state of the …Full story available on Benzinga.com Read MoreAMZN, Analyst Color, artificial intelligence, benzinga neuro, Consumer Tech, Deepwater Asset Management, Equities, Gene Munster, GOOG, GOOGL, Mark Zuckerberg, META, News, NVDA, Stories That Matter, Markets, Tech, AMZN, US0231351067, GOOG, US38259P7069, NVDA, US67066G1040, GOOGL, US38259P5089, META, News, Analyst Color, Equities, Markets, Tech, Benzinga News
