Meta stock slips as Nvidia ‘millions of chips’ deal puts AI spending back in focus
Meta shares fell 1.2% to $631.75 despite Nvidia announcing a multiyear deal to supply Meta with millions of AI chips. Nvidia shares rose 1.6%. CEO Mark Zuckerberg is set to testify in a Los Angeles jury trial over claims that Instagram harms youth mental health. The value of the Nvidia-Meta agreement was not disclosed.