Meta Platforms, Inc. (NASDAQ:META) is discussed by Jim Cramer in talks with Alphabet about their chips. This could lead to better gross margins and reduced spending with NVIDIA. Investors reacted positively, causing Meta’s stock to rise nearly 4%.

Meta Platforms, Inc. (NASDAQ:META) develops various social media and communication products, along with virtual, augmented, and mixed reality hardware and software.

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Read more at Yahoo Finance: Jim Cramer Links Meta’s Rally to Hopes of Reduced Reliance on NVIDIA Hardware