Meta has expanded its multi-generation custom processor agreement with Broadcom through 2029, committing over one gigawatt of computing capacity—enough to power roughly 750,000 U.S. homes—to support AI features across its social and messaging applications.

Broadcom projects 62.5% revenue growth and a 50.6% increase in adjusted EPS for the upcoming quarter, attributing the surge to robust demand for its AI accelerator chips from hyperscale cloud providers and enterprise customers.