Meta Platforms (META) shares inched higher on Sept. 15 after the company confirmed plans to deploy its next-gen proprietary AI processor MTIA 450 (code-named Arke) into data centers in the first half of 2027. The deployment could help curb escalating compute costs and improve operational efficiency, Yee Jiun Song, Meta’s vice president of engineering, told Bloomberg in an interview today.
Following significant recovery in recent weeks, META stock is now up nearly 4% versus the start of this year.