Meta (META) says the plan is to develop silicon chips to train AI models
Newsquawk Staff ·
Meta (META) says the plan is to develop silicon chips to train AI models.
What it means
Meta's announcement to develop silicon chips for AI model training signals a strategic pivot toward enhancing its technological capabilities. This move underscores its commitment to AI innovation, potentially positioning Meta as a key player in the increasingly competitive AI market, which could impact its long-term growth trajectory and competitive positioning against other tech giants.
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios
- T-Mobile (TMUS) CEO to step down from the board
- US PRE-MARKET MOVERS: SKHY, NXPI, ENPH, APH, GOOGL, HOOD, PPG, VRT, GEV, GEHC, BSX, ETSY, WEN, V
Related headlines
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler2 hours ago
- GE Healthcare Technologies Inc. (GEHC) Q3 (USD): Adj. EPS 1.34 (exp. 1.20), Revenue 5.5bln (exp. 5.35bln), Adj. EBIT 913mln (exp. 838.8mln)4 hours ago
- Biogen Inc. (BIIB) Q3 2026 (USD): Adj. EPS 2.62 (exp. 1.98), Revenue 2.8bln (exp. 2.63bln). Raises lower end of FY26 diluted EPS guidance to USD 12.20-13.00 (exp. 12.23, prev. 12.00-13.00)4 hours ago
- Apple (AAPL) is set to unveil 14‑inch and 16‑inch touch MacBooks on Wednesday and discussed charging USD 2,899 for the new 14-inch touch Mac, while touch-screen Macs will be its priciest laptops16 hours ago
- Baker Hughes (BKR) Q3 (USD) EPS 0.70 (exp. 0.64), rev. 8.03bln (exp. 7.78bln)17 hours ago
- Major US technology company selects Baker Hughes’ (BKR) power generation and cooling solutions to scale high-density AI compute18 hours ago
- NXP Semiconductors NV (NXPI) Q3 2026 (USD): Adj. EPS 4.20 (exp. 4.12), Revenue 3.8bln (exp. 3.76bln), Adj. operating income 1.41bln (exp. 1.38bln); to increase share buyback by USD 5bln18 hours ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats1 hour ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call2 hours ago
- Daily US Conference Calendar - 28th October 2026: JNJ, BA, CAT3 hours ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)3 hours ago
- Etsy (ETSY) CFO Baker is to leave on March 1st 2027, will remain an advisor through July 1st 20273 hours ago
- Garmin Ltd. (GRMN) Q3 2026 (USD): Adj. EPS 2.76 (exp. 2.41), Revenue 1.99bln (exp. 1.99bln)3 hours ago
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)3 hours ago