By Simply Wall St
Publication Date: 2026-04-15 18:06:00
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Meta Platforms (NasdaqGS:META) has expanded its custom AI chip partnership with Broadcom under a multiyear deal running through 2029.
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The agreement covers both AI chip design and networking hardware to support Meta’s next generation AI workloads.
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As part of the expansion, Broadcom CEO Hock Tan is stepping off Meta’s board and will continue in an advisor role to the company.
Meta Platforms enters this new phase of its AI chip program with a share price of $662.49 and a value score of 5. Over the past year, the stock has returned 32.3%, and over three years the return is described as a very large gain, supported by a 121.5% return over five years. For readers, this context shows how the market has already been responding to Meta’s broader AI ambitions before this latest chip agreement.
For investors watching NasdaqGS:META, the…
