Meta Diversifies AI Chip Suppliers Amid Nvidia Monopoly Concerns and Market Bubble Warnings

Meta plans to spend $130 billion on capital expenditure in 2026, diversifying its AI chip suppliers by signing a $60 billion deal with AMD to reduce reliance on Nvidia, which holds over 90% of the AI chip market. Meanwhile, investor Michael Burry warns of a potential AI-driven market bubble, comparing Nvidia's rapid stock surge to the 1920s Radio Corporation of America mania, cautioning about risky spending and possible financial corrections despite strong AI demand.