Meta announced a $50 billion expansion of its Louisiana AI data center to 5 gigawatts while also planning to sell excess AI computing capacity. This contradiction highlights industry concerns about how much AI compute is actually utilized versus overbuilt. Investors reacted positively to Meta monetizing unused capacity, while chipmakers' stocks fell, signaling a shift from rewarding spending to demanding efficient use and business results. Going forward, companies must prove how much compute is productively used and its impact to avoid costly underutilization.
Jim Cramer highlighted that technology stocks remain the best area for investors seeking significant gains due to their ability to create new growth catalysts beyond quarterly earnings. He cited Meta, SK Hynix, and Alphabet as examples of companies u...
Morgan Stanley reports that major Big Tech companies like Meta, Amazon, Alphabet, Microsoft, and SpaceX are increasing their capital expenditures on AI infrastructure despite supply-chain challenges. Meta alone is projected to spend $250 billion on A...
Meta removed its new Instagram AI image generator, Muse Image, just days after launch due to user backlash over privacy concerns. The feature automatically enrolled all public accounts, allowing others to generate images using users' likeness without...
Despite a selloff in AI-related stocks, the S&P 500 rose 1.23% in July, showing market resilience. Investor Amrita Roy increased holdings in Meta, Mercado Libre, and GE Vernova, citing strong growth prospects and company-specific strengths like Meta'...
David H. Lerner highlights cautious optimism for SpaceX due to current valuation and expected volatility around the Starship launch, recommending patience before buying. Meta Platforms is gaining momentum driven by AI initiatives, prompting Lerner to...
