AI 20 February 2026 - 2 March 2026

New York, February 28, 2026, 10:35 EST — Market closed Meta Platforms slipped 1.34% Friday to close at $648.18, with investors still focused on the looming price tag of the company’s upcoming artificial intelligence expansion. Wall Street reopens Monday.

New York, Feb 26, 2026, 10:34 EST — Regular session Meta Platforms slid roughly 0.5% to $650.24 Thursday morning, outpacing a nearly 2% Nasdaq drop, after an adviser to the EU’s highest court said Meta’s appeals against antitrust info demands should be thrown out. Regulatory clouds remain on the horizon.

Meta Platforms is snapping up AI chips, fueling a rally in firms powering the technology’s backbone—Nebius Group among them. Shares of Nebius climbed roughly 2.7% Tuesday. Meanwhile, AMD announced it will supply Meta with up to $60 billion in AI chips over five years; the agreement also gives Meta an option to take a stake of up to 10% in the chipmaker. Spending is in focus after Meta told investors it would ramp up capital expenditures this year, chasing what CEO Mark Zuckerberg dubs “personal superintelligence.” The company has already inked capacity deals with outside cloud vendors. Reuters reported in late January that Meta projects 2026 capex between $115 billion and $135 billion. Its CFO flagged lingering capacity constraints for

Advanced Micro Devices said Tuesday that Meta Platforms has agreed to purchase as much as $60 billion worth of its AI chips over a five-year stretch—part of a broader supply deal that could let the Facebook parent take up to a 10% stake in AMD. Shares of the chipmaker jumped more than 10% ahead of the open. AMD CEO Lisa Su described Meta’s commitment as “a big bet.” The deal arrives just as America’s largest tech firms scramble to lock in AI computing power, with chips and electricity now just as limiting as code itself. Bloomberg, citing Su, put the deals at “double-digit billions” of dollars per gigawatt of capacity.