Nvidia and Meta extended a multiyear contract for Nvidia to supply millions of its latest AI accelerators—including new standalone Grace CPUs, next-generation Vera Rubin systems, networking hardware and security features—for deployment across US data centers. The agreement is part of Meta’s broader $600 billion US data center investment through 2028, which involves building 30 facilities such as the 1 GW Prometheus site in Ohio and the 5 GW Hyperion site in Louisiana. Engineering teams from both companies will collaborate to optimize AI workloads, marking the first major standalone Grace CPU deployment.

In its latest regulatory 13F filing, Nvidia sold its remaining 1.1 million shares of Arm Holdings—valued at approximately $142.5 million—formally closing its investment following the abandoned $40 billion acquisition attempt. The filing also shows exits from Applied Digital and WeRide and new positions in Intel and Nokia, signaling a strategic shift to tighten exposure around core AI infrastructure and networking assets.

Nvidia’s stock rose 2.5% in morning trading following the Meta announcement, while Meta’s shares gained about 1%. The Nasdaq Composite climbed roughly 1% and the S&P 500 rose 0.7% as enthusiasm for AI-driven growth boosted technology sectors, with ancillary gains in energy, financials and consumer discretionary. Preliminary economic data exceeded forecasts and Treasury yields held steady, supporting broader market sentiment.