META.BA is trading 2.1% up at $35,720 following news of a multi-year collaboration with Qualcomm to use its Dragonfly C1000 CPUs for Meta data centers starting in 2028.
- The partnership is designed to support Meta’s expanding AI and metaverse infrastructure, offering long-term cost and performance benefits.
- The stock is currently outperforming a slightly positive broader U.S. market, signaling improved investor sentiment despite recent pressure on the tech sector.
- This strategic move highlights Meta's commitment to strengthening its AI hardware positioning to meet future processing demands.