Meta CEO Mark Zuckerberg Says By End Of Year Meta Will Have About 350,000 Nvidia H100s And About 600,000 H100 Equivalents Including Other GPUs
Portfolio Pulse from Benzinga Newsdesk
Mark Zuckerberg, CEO of Meta, announced that by the end of the year, Meta will possess approximately 350,000 Nvidia H100 GPUs and around 600,000 H100 equivalent GPUs, including other models.
January 18, 2024 | 5:56 pm
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POSITIVE IMPACT
Meta's announcement of a significant increase in GPU assets indicates a substantial investment in computing power, likely for AI and data processing.
The acquisition of a large number of GPUs by Meta suggests an aggressive expansion in computing capabilities, which could be viewed positively by investors as a commitment to advancing AI and other compute-intensive operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia is set to supply Meta with 350,000 H100 GPUs, indicating a significant sales agreement that could positively impact Nvidia's revenue and stock price.
The news of Nvidia providing a large number of H100 GPUs to Meta is a strong indicator of a lucrative sales contract, which is likely to boost investor confidence in Nvidia's revenue growth and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90