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Meta Confirms 3-5 Year Billions-Worth AWS Graviton5 Deal, Premarket Up 0.6% Amid Layoffs

Meta Platforms Inc has finalized a 3-5 year deal worth billions with AWS to deploy tens of millions of Graviton5 CPU cores—each with 192 cores—for U.S.-based AI workloads, diversifying beyond Nvidia and AMD. Coverage evolved from initial multibillion agreement reports at 08:00 GMT, through details on deployment scale and CPU specs by midday, to confirmation of the partnership's scope and Meta's ~10% layoffs (~8,000 staff) offsetting $2B Manus acquisition costs. Premarket reactions showed META up ~0.6% and AMZN ~1.4%, highlighting bullish AI infrastructure demand despite cost-cutting.

Category

Meta Platforms

Sentiment

Bullish

Event

Partnership

Reading time

1 min