Meta spending slams Facebook stock, but here are the chip stocks that are benefiting
October 27, 2022 at 13:52 PM EDT
Data-center stocks buoyed an otherwise down chip sector Thursday, as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Zuckerberg's metaverse ambitions. One analyst is asking if server chips can only go up.
