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Meta stock surges 7.5% as report says AI chip production could begin this year
Meta Platforms shares rose nearly 7.5% to $677.9 after a report stated the company will manufacture its custom AI chip, code-named Iris, with partners Broadcom and TSMC, aiming to boost computing capacity significantly this year.
Meta To Launch Custom AI Chip 'Iris' In September To Cut Nvidia, AMD Reliance
Meta is likely looking to cut down on its considerable computing costs and dependence on Nvidia and AMD.
IRIS Regtech Solutions Ltd Spurts 2.12%
IRIS Regtech Solutions Ltd has added 10.94% over last one month compared to 2.56% fall in BSE Information Technology index and 5.84% rise in the SENSEX
IRIS Regtech Solutions consolidated net profit rises 47.16% in the March 2026 quarter
Sales rise 31.64% to Rs 39.15 crore
Iris Clothings standalone net profit rises 43.53% in the March 2026 quarter
Sales rise 50.45% to Rs 60.48 crore
Iran sought permission for docking of 3 ships in Indian ports; approval granted: Jaishankar
India permitted three Iranian ships to dock at its ports. One vessel, IRIS LAVAN, docked in Kochi on March 4. This humane gesture was appreciated by Iran. The move comes amid rising tensions in the Indian Ocean following the sinking of an Iranian warship. India remains committed to ensuring the nation's energy security amidst global disruptions.