Meta's Reality Labs, the division behind VR headsets and AI-powered wearables, reported a $4.62 billion loss in Q2, slightly better than the expected $5.07 billion loss. Revenue increased to $431 million from $370 million a year ago. Despite ongoing losses totaling over $80 billion since 2020, Meta continues to invest in VR and wearable tech, including Ray-Ban Meta glasses, as it shifts focus due to slow consumer adoption of VR. This reflects Meta CEO Mark Zuckerberg's long-term vision of digital worlds for work and play, though the market remains challenging.
Meta Platforms, Inc. received a Buy rating following its Meta Connect event, driven by new AI and hardware initiatives. The launch of the AI agent Muse, integrated with VR glasses and the Charm device, opens new revenue opportunities beyond advertisi...
AMD briefly surpassed a $1 trillion market value after a nearly 13% rally, driven by strong demand for CPUs fueled by AI growth. CNBC's Jim Cramer praised CEO Lisa Su for transforming AMD from a $2.5 billion company in 2014 to a leading chipmaker com...
Meta Platforms now trades at a forward price-to-earnings ratio of 24, aligning it with other major tech companies after a fundamental reassessment. The company's substantial revenue of $228 billion over the trailing twelve months and net profit of $6...
Anthropic CEO Dario Amodei, Meta CEO Mark Zuckerberg, and other leading tech executives including Alphabet's Sundar Pichai and Nvidia's Jensen Huang met with President Donald Trump and House Speaker Mike Johnson to discuss AI development and safety. ...
Meta Platforms has delivered a strong 32% total return in the past month driven by new revenue opportunities in AI agents, enterprise AI, and virtual reality. Despite this growth, the company's forward price-to-earnings ratio has expanded to 21.5x fo...
