- NVIDIA and Meta have expanded a multi-year partnership where Nvidia will supply millions of its Blackwell and Rubin GPUs to Meta.
- Nvidia stock rose 2.7% to $189 following the announcement, with analysts from firms like Citigroup raising their price targets.
- Citigroup forecasts Nvidia’s quarterly revenues could significantly exceed market expectations, driving further optimism.
On Wednesday, Nvidia and Meta announced a major expansion of their partnership, sending Nvidia’s share price higher at market open. The multi-generational deal will see Nvidia provide millions of its advanced Blackwell and Rubin graphics processing units to the social media titan.
Nvidia CEO Jensen Huang emphasized Meta’s unique scale, stating, “No one deploys AI at Meta’s scale — integrating frontier research with industrial-scale infrastructure.” However, the precise financial value of the GPU agreement remains undisclosed to the public.
Consequently, Meta plans to deploy the chips in its own data centers and access additional units via Nvidia Cloud Partners like CoreWeave and Crusoe. This infrastructure expansion coincides with rising analyst confidence, as detailed in recent reports on market movements.
Meanwhile, Citigroup significantly raised its price target for Nvidia stock to $270, citing strong AI infrastructure visibility. Analyst Atif Malik and his team project January-quarter revenue of $67 billion, surpassing the $65.6 billion consensus.
Furthermore, they anticipate April-quarter sales could reach $73 billion, also above expectations of $71.6 billion. This financial optimism underscores the strategic importance of the Meta deal for Nvidia’s future growth trajectory.
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