A recent Bloomberg report suggests Meta Platforms may be launching a cloud business renting out compute power, potentially justifying its high operating margins and capital expenditures. This development challenges previous skepticism about Meta's profitability outside its core apps. Investors await concrete proof and named customers by July 29 to validate this new revenue stream. Meta trades at a relatively low forward earnings multiple compared to peers, supported by its massive user base of 3.56 billion daily users, which could sustain growth even if it doesn't lead in AI frontier models.
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 over...
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'...
