Quick Read Meta (META) targets $8.5 billion in 2027 savings by swapping third-party GPUs for custom MTIA chips built with Broadcom (AVGO). Hock Tan confirmed custom chips outperform GPUs at half the cost, with three MTIA generations shipping to Meta by end of 2027. Meta's Q2 ad revenue of $59 billion grew 27%, funding a capex budget that runs between $130 billion and $145 billion this year alone. Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor) Anchor Number: $8.5 Billion Bank of America estimates that Meta Platforms (NASDAQ:META) could save roughly $8.5 billion in 2027 by running AI workloads on its own custom silicon instead of buying third-party chips.
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