Meta Platforms Inc (NASDAQ:META) shares are moving higher in extended trading Tuesday after the company announced a long-term infrastructure partnership with Nvidia Corp (NASDAQ:NVDA).
- Meta Platforms stock is building positive momentum. Why is META stock trading higher?
Meta, Nvidia Ink Long-Term Deal
Meta and Nvidia announced a long-term AI infrastructure partnership to support Meta’s build-out of data centers optimized for AI training and inference. Meta said it will use Nvidia technology to help deliver substantial improvements in performance per watt.
“Through deep co-design across CPUs, GPUs, networking, and software, we are bringing the full NVIDIA platform to Meta’s researchers and engineers as they build the foundation for the next AI frontier,” said Jensen Huang, founder and CEO of Nvidia.
Under the partnership, engineering teams from both Meta and Nvidia are expected to optimize and accelerate state-of-the-art AI models across core workloads.
Meta has also adopted Nvidia’s Confidential Computing for WhatsApp private messaging and the company’s Spectrum-X Ethernet networking platform for AI-scale networking.
“We’re excited to expand our partnership with NVIDIA to build leading-edge clusters using their Vera Rubin platform to deliver personal superintelligence to everyone in the world,” said Mark Zuckerberg, founder and CEO of Meta.
Tech Giants Get A Boost After Hours
META, NVDA Price Action: Meta shares were up 1.11% in after-hours, trading at $646.40 at the time of publication. Nvidia shares were also higher, last up 1.10% at $187, according to Benzinga Pro.
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