Nvidia and Meta announced Wednesday a multiyear, multigenerational GPU supply agreement to scale AI. The deal aims to power Meta’s personalization and recommendation systems for billions of users.
Nvidia will provide millions of its Blackwell and Rubin GPUs to Meta. No dollar value was disclosed and Meta will deploy chips in its own data centers.
Meta may also use capacity available through Nvidia‘s Cloud Partner program. Partners include CoreWeave and Crusoe, which host Nvidia chips for other companies to rent and use.
Shares of Nvidia rose in early trading, up about 2.7 percent to $189 at press time. No one deploys AI at Meta’s scale — integrating frontier research with industrial-scale infrastructure to power the world’s largest personalization and recommendation systems for billions of users, Nvidia CEO Jensen Huang said in a statement.
Wall Street analysts raised forecasts and targets after the announcement. Citigroup upgraded its price target to $270 and advised adding positions before the second half of 2026, and it forecast $67 billion for the January quarter and $73 billion for April, above expectations.
