05:25:43 EST Tue 03 Mar 2026
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 22,350,000
Close 2025-11-25 C$ 34.49
Market Cap C$ 770,851,500
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FP/wire say Meta to spend billions on Google's AI chips

2025-11-26 09:28 ET - In the News

Also In the News (C-GOOG) Alphabet CDR (CAD Hedged)
Also In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Financial Post reports in its Wednesday, Nov. 26, edition that Meta is in talks to spend billions on Google's artificial intelligence chips, the publication the Information reported, adding to a months-long share rally as the search giant has made the case it can rival Nvidia as a leader in AI technology. A Bloomberg dispatch to the Post reports that a deal would signal growing momentum for Google's chips and long-term potential to challenge Nvidia's market dominance, after the company earlier agreed to supply up to one million chips to Anthropic. Google owner Alphabet is on track to hit a $4-trillion (U.S.) market valuation for the first time. Alphabet shares rose about 3 per cent in New York on Tuesday and Nvidia's shares were down about 5 per cent. Meta is in discussions to use the Google chips -- known as tensor processing units or TPUS -- in data centres in 2027, the Information reported, citing an unnamed source. Meta also may rent chips from Google's cloud division next year, the news outlet said. Nvidia's stock is already facing headwinds as investors fear a broader AI bubble. A deal with Meta -- one of the biggest spenders globally on data centres and AI development -- would mark a win for Google.

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