Meta Platforms (NASDAQ: META) is reportedly in discussions to acquire South Korean chip startup FuriosaAI, a move that could challenge Nvidia’s (NASDAQ:NVDA) dominance in AI hardware. FuriosaAI specializes in inference chips designed for artificial intelligence models, and this potential acquisition aligns with Meta’s strategy to enhance its in-house AI capabilities, reducing reliance on external suppliers like Nvidia. This development comes as Meta continues its impressive stock rally, with shares rising consistently over the past weeks.

As of 7:12 AM ET on Feb. 18, Meta Platforms’ stock is trading at $736.67, reflecting an increase of $8.06 (1.11%) from the previous close. Nvidia’s stock is trading at $138.85, up $3.51 (2.59%) from the previous close.

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About Meta Platforms

Meta Platforms, Inc. is a leading technology company specializing in social media and artificial intelligence. Known for its flagship products, including Facebook and Instagram, Meta is committed to connecting people and building communities worldwide. The company invests heavily in AI research and development to enhance user experiences and drive innovation across its platforms.

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