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Meta stock surges 7.5% as report says AI chip production could begin this year

Saturday, July 11, 2026 - 09:38
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Meta stock surges 7.5% as report says AI chip production could begin this year
Meta Platforms shares rose nearly 7.5% to $677.9 after a report stated the company will manufacture its custom AI chip, code-named Iris, with partners Broadcom and TSMC, aiming to boost computing capacity significantly this year.

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