Meta Platforms Just Made Massive Deals With Both Nvidia and AMD. Which Stock Should You Buy?

2026-03-05 10:05:00 ET

Meta Platforms (NASDAQ: META) shocked investors when it announced plans to spend between $115 billion and $135 billion on capital expenditures this year, mostly on its artificial intelligence buildout. That's an 87% year-over-year increase in spending at the high end of its guidance.

Some of the biggest beneficiaries from Meta's massive budget are chipmakers. Meta recently announced two contracts with Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) to use their GPUs and CPUs in its data centers, each worth tens of billions of dollars.

Here are the details investors need to know.

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