The Rundown Meta Buys Millions of Nvidia Chips, Uber Invests $100M in Robotaxi Infrastructure
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Feb 18, 2026 Berkshire trims big tech stakes while precious metals pull back. Meta inks a multiyear deal to buy millions of NVIDIA chips and related data center gear. NVIDIA CPUs get deployed at scale as AI spending dynamics shift. Uber commits $100M to fast-charging hubs for robotaxis and partners with AV firms. Caesars benefits from a Vegas rebound, and CEO turnover hits record highs.
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Meta Commits To Massive AI Hardware Spend
- Meta signed a multiyear deal to buy millions of NVIDIA chips covering current Blackwell GPUs and future Rubin chips.
- The agreement and Meta's planned AI/data-center spend signal sustained, large-scale AI investment across the industry.
NVIDIA Gets A Vote Of Confidence For CPUs
- Meta will deploy NVIDIA's gray CPUs as standalone chips in its data centers, marking a first for major tech firms.
- That deployment gives NVIDIA a significant vote of confidence as it expands beyond GPUs into CPUs.
Meta Diversifies Its Chip Strategy
- Meta is diversifying chip sources by engaging with Google TPUs and researching its own chips alongside NVIDIA purchases.
- That leverage likely helped Meta negotiate better terms and reduces vendor concentration risk.