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Meta $META is also aiming to deploy 7GW of capacity this year, with 1GW added in the first half, before doubling this to 14GW by the end of next year. $NVDA $AVGO $AMD

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Meta $META is said to be preparing to start production of its next MTIA accelerator, dubbed ‘Iris’ in September, following reports earlier this month that Meta is planning to develop a cloud business, Meta Compute, to sell its excess AI compute, competing against the hyperscalers. $AVGO $AMD $NVDA

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