Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

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Go back to Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

Wolfe Research on Meta (META): 'We believe META will need to prove incremental, durable non-Ad revenue sources'

July 9, 2026 9:57 AM EDT

Wolfe Research analyst Shweta Khajuria reiterated an Outperform rating and $800.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Last week we published our note (META Compute: Sign of Rising CapEx & Potential Capital Raise) with our view that... More