Meta Agrees to Buy Nvidia Chips in Multi-Billion Dollar Deal

Meta reached a multiyear agreement to purchase millions of Nvidia Blackwell and Rubin graphics processing units as part of a massive artificial intelligence infrastructure expansion.The company plans to spend up to $135 billion this year and has committed $600 billion through 2028 to construct 30 data centers, with 26 located in the USA.Analyst Jim Cramer described the investment as a major vote of confidence in Nvidia following increased competition from Google and Intel.