Nvidia stock moved higher on Wednesday after the semiconductor company announced a sweeping multiyear partnership with Meta Platforms. The deal is to supply millions of artificial intelligence chips across multiple product generations. The agreement, announced after the market closed on Tuesday, pushed Nvidia shares up 2.3% to $189.23 on Wednesday. The partnership is aimed at supporting Meta’s expanding artificial intelligence and data centre infrastructure. The deal covers Nvidia’s current and next-generation products and signals continued strong demand for the company’s hardware, even as major technology firms pursue their own chip development efforts. Details of the Nvidia-Meta deal Under the agreement, Nvidia will supply a wide range of products, including its Blackwell graphics processing units and its forthcoming Rubin AI chips.…
