Meta's stock value surges, Apple's dips amid AI competition
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Meta’s stock value surges, Apple’s dips amid AI competition
- Meta and Amazon’s combined stock market value increased by $280 billion after impressive quarterly results, while Apple’s value decreased by $70 billion.
- Despite Apple’s strong quarterly results, its China sales missed estimates, and it is viewed as lagging in the AI race.
- Meta plans to deploy a new AI-centric chip in its data centers in 2024, reducing its dependence on Nvidia chips.
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