Is Meta's Pushback on NVIDIA With In-House Chips Good for Shares?

Meta Platforms TodayMETAMeta Platforms$596.25 +10.25 (+1.75%) 52-Week Range$414.50▼$740.91Dividend Yield0.35%P/E Ratio24.93Price Target$718.31Add to WatchlistA new and exciting report about Magnificent Seven stock, Meta Platforms NASDAQ: META, has recently come out. Thomson Reuters NYSE: TRI reported that Meta is testing its own semiconductors for training AI models. This is a direct attempt to reduce reliance on graphics processing unit (GPU) maker NVIDIA NASDAQ: NVDA.Get Meta Platforms alerts:So, what ar ...