Key facts
- Meta is expected to increase its spending on AMD's AI chips.
- A Citi analyst believes this spending is underestimated by the market.
- AMD holds an optimistic outlook for its future in the AI sector.
A Citi analyst has indicated that Meta Platforms is poised to increase its spending on artificial intelligence chips manufactured by AMD. The analyst suggested that the broader Wall Street consensus may be underestimating the scale of Meta's planned investment in AMD's AI hardware.
AMD itself reportedly maintains an optimistic outlook regarding its long-term prospects within the rapidly evolving artificial intelligence market.