Meta Platforms has been downgraded from BUY to HOLD with a price target of $631, reflecting a modest upside of 6.6%. The downgrade follows Meta's recent underperformance, driven by its failure to provide clear demand signals amid rising capital expenditures, unlike its hyperscaler peers. Although Meta leads with 28% year-over-year revenue growth, its profitability has declined due to increased research and development expenses and slowing advertising metrics. The analyst plans to reduce his Meta holdings and will reassess after Q4, depending on clearer guidance from management on capital expenditure demand through 2027.
Meta's stock surged 12% following a surge in options trading volume, driven by excitement over its new AI personal assistant, Muse. Options traders bought more than twice as many calls as puts, signaling bullish sentiment, with nearly $3.9 billion in...
Meta Platforms shares surged 12% to $747.91 following early success of its new Muse AI assistant, which topped Apple's US App Store with over 730,000 downloads shortly after launch. Wells Fargo raised Meta's price target to $796, citing strong moment...
Meta's new AI app, Muse, has surpassed ChatGPT in downloads and daily active users during the first twelve days after launch in the US and Canada. According to Appfigures, Muse achieved 1.8 million downloads on iOS compared to ChatGPT's 1.3 million i...
Meta has announced Petal, a new transatlantic subsea cable capable of transmitting data at 1 petabit per second between France and the U.S., expected to be operational by 2029. This cable doubles the capacity of current transoceanic systems without i...
Meta's AI agent Muse, topping the App Store in 10 days, highlights growing demand for CPUs alongside GPUs in AI workloads. Nvidia's new Vera CPU targets this shift, integrating tightly with its AI platforms to capture more server CPU revenue. While I...
