14 AI News Investors Are Paying Attention To

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5. Meta Platforms, Inc. (NASDAQ:META)

Market Capitalization: $1.5 Trillion

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 10, investment firm Jefferies released an investor on the AI industry, highlighting the ramp of the Meta Training and Inference Accelerator chip, and noting that hyperscalers were accelerating their spend on GPUs but also their internal ASIC programs. The advisory further added that it expected that these ramps would exceed current expectations, and provide a solid upside to current estimates.

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