Truist Securities analyst Youssef Squali reaffirmed a 'Buy' rating on Meta Platforms with a $840 price target, suggesting about 43% upside from current levels. The bullish outlook is driven by Meta's potential to generate over $20 billion annually from subscriptions by fiscal 2030, diversifying revenue beyond advertising. This growth is expected to come from premium subscription offerings across Facebook, Instagram, WhatsApp, and Meta AI, supporting long-term profitability and reducing reliance on ad sales. Overall, Wall Street shows strong confidence in Meta's ability to sustain growth through digital ads and new revenue streams like AI and subscriptions.
Meta has partnered with Reliance Industries to develop a 168-megawatt AI-enabled data center in Jamnagar, Gujarat, marking its first AI infrastructure investment in India. This expands their collaboration from Meta's $5.7 billion investment in Relian...
Jim Cramer warns that tech stocks are losing key traits that fueled their dominance, such as limited share supply and strong buybacks. The surge in AI-related IPOs from companies like SpaceX and OpenAI, along with rising capital needs for AI infrastr...
The Invesco AI and Next Gen Software ETF (IGPT) has risen about 68% year to date, fueled by strong earnings from major tech companies like NVIDIA, Microsoft, Alphabet, Amazon, Meta, and Tesla, which dominate the fund's holdings. The key factor to wat...
Meta has introduced America’s Workforce Academy, a $115 million initiative to train electricians, welders, plumbers, and fiber technicians, guaranteeing jobs for graduates. The program covers all training costs and pays attendees, aiming to address w...
A bug in Meta's customer service tool allowed hackers to reset passwords for about 34,000 Instagram accounts, including high-profile ones like former President Obama's and a Space Force official's. Around 20,000 accounts were breached, exposing perso...
