HSBC has upgraded Meta Platforms to a Buy rating, reflecting confidence in its new cloud computing strategy. Meta is negotiating a potential $10 billion deal to lease its computing infrastructure to AI research lab Anthropic, addressing the global hardware shortage for AI training. This move is part of Meta's broader plan to monetize excess cloud capacity, supported by a $145 billion investment in data centers this year. Meta's stock has risen 18% in July, outperforming the market, with strong technical indicators backing the upgrade.
Meta announced it will issue a new class of non-voting stock to raise capital for its expanding AI initiatives while preserving the voting power of existing shareholders. This move supports Meta's founder-led structure and provides flexibility for fu...
Meta Platforms posted a robust Q3, growing revenue by 26% year-over-year, driven by higher ad pricing. Despite a one-time $9.89 billion legal expense, the company's core operating income and margins remain strong. Significant investments in capital e...
Meta reported a 26% rise in Q3 revenue to $64.6 billion, driven by strong advertising sales, and forecasted Q4 revenue between $73 billion and $76 billion. Despite a nearly $10 billion legal charge related to teen mental health litigation, net income...
Meta Platforms posted a 26% year-over-year revenue increase to $64.6 billion in Q3, supported by strong advertising volume and a robust adjusted EPS of $7.40 despite a large legal charge. The company's investments in generative AI, particularly the M...
Meta announced that its AI app Muse has surpassed 10 million users, with 25% using it daily, boosting user retention. CEO Mark Zuckerberg highlighted that over 25% of engaged users shopping via Muse spend an average of more than $200 per purchase, a ...
