Meta's AI Push Fuels Sandisk Deal | Business and Finance News

Meta’s AI ambitions are heating up as they prep to launch a new custom chip in September, aiming to double their AI computing power by next year—fueling their social media and ad engines. To power this, they’re locking in long-term deals with key suppliers like Sandisk, a major memory chipmaker, securing flash storage critical for their massive new data centers. With AI demand soaring and chip shortages persisting, Sandisk stands to benefit massively, with multi-billion dollar contracts and price-clause protections already in place. Analysts are bullish, and Sandisk’s stock is already climbing—positioning the company for sustained growth in the booming AI-driven tech landscape. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f8fcf5fe0f9aee0f