Meta abandons its most advanced in-house AI training chip (Olympus) due to design struggles and shifts focus to simpler MTIA versions while securing multi-billion deals to rent Google TPUs and buy chips from AMD & Nvidia.
AMD is partnering with Nutanix, investing $150 million in equity and $100 million in cash to develop easy-to-use AI platforms. Nutanix also beat Q2 earnings expectations, reporting 10% revenue growth.
AMD seals a huge multi-year agreement with Meta to supply up to $60 billion in AI chips, including 6 gigawatts of powerful GPUs and custom CPUs. The deal boosts AMD's position in the AI race and includes stock options for Meta.
Nvidia and Meta announce a major multiyear partnership to supercharge Meta's AI with millions of advanced chips, standalone CPUs, and networking tech—driving stock gains for NVDA and META while pressuring rivals.
TSMC reports strong 37% revenue growth in January 2026, exceeding annual targets as AI chip demand drives record capital spending and potential US tariff exemptions.
AMD's Q1 2026 revenue forecast of $9.8B disappoints investors hoping for stronger AI chip sales growth, despite beating average analyst estimates.
