Investing.com -- Meta Platforms (NASDAQ:META) shares rose 2% Tuesday morning after Bloomberg reported the company plans to deploy new in-house artificial intelligence chips in data centers during the first half of next year. The stock later pared gains to up 0.75%. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » The social media company is testing the third generation of its MTIA chip line, called MTIA 450 or Arke, with the next version, dubbed 500 or Astrid, expected to complete design work in about a month and enter data centers by the end of 2027. Meta first announced plans to develop its own AI chips in 2023.
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