Meta Platforms has been upgraded from Buy to Strong Buy due to its successful transformation into a diversified AI company. The company uses AI to boost advertising revenue, enhance pricing power, and improve operational efficiency, while also launching new AI-driven products and services for its 3.6 billion users. Despite a significant drop in free cash flow caused by $32 billion in capital expenditures and one-time charges, Meta's advertising business grew 27% year-over-year with record average revenue per person. Although high capital spending and negative free cash flow are risks through fiscal year 2028, Meta's scale, AI innovation, and new enterprise offerings support a positive long-term outlook.
Missouri voters decisively rejected Amendment 5, which would have ended the state's income tax and expanded sales taxes, due to concerns over tax burden shifts and program cuts. Etsy announced layoffs of about 220 employees, roughly 12% of its workfo...
AMD's stock price fell sharply after its latest earnings report, despite beating analyst expectations on key metrics. The short volume ratio hit a two-week high of 62.60, indicating increased bearish sentiment among investors. The decline may be link...
The iShares Expanded Tech Sector ETF (IGM) provides wider tech sector exposure than the traditional XLK ETF, including communications, consumer discretionary, and non-S&P 500 North American firms. This broader mandate results in a lower forward price...
Meta has introduced Muse Code, a new AI-powered coding agent designed to assist programmers with complex tasks across large software repositories. Currently in beta, Muse Code can plan changes, write code, and validate results by deploying multiple s...
Meta has introduced Muse Code, its first AI coding agent, designed to simplify software development by managing AI-powered digital agents. Developed under AI chief Alexandr Wang, Muse Code integrates with Meta's Muse Spark 1.2 model, enhancing coding...
