Meta Platforms Just Announced Its New Artificial Intelligence (AI) Chip -- Should Nvidia Stock Investors Be Worried?

By Jose Najarro – Apr 12, 2024 at 5:14AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,264B

Today's Change

(-1.72%) -$15.86

Current Price

$905.54

Price as of May 7, 2024, 4:00 p.m. ET

Is Meta Platforms reducing its dependency on Nvidia's hardware?

In today's video, I discuss recent updates impacting Meta Platforms (META 0.55%) and Nvidia (NVDA -1.72%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of April 10, 2024. The video was published on April 10, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Meta Platforms and Nvidia. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.