Meta Platforms' shares surged 6% on Friday, marking a 14% gain for the week—their best weekly performance since February 2024. This rally follows the launch of Meta's new AI model, Muse Spark 1.1, and plans to expand computing capacity to 7 gigawatts in 2026 and 14 gigawatts by 2027. Investor optimism is driven by Meta's strategy to offer low-cost AI pricing and robust infrastructure, positioning the company strongly in the AI market. The stock has also moved into positive territory for the year-to-date, signaling renewed confidence in Meta's growth prospects.
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Meta agreed to pay up to $18 billion and implement child safety measures in a settlement with attorneys general from 29 states. The deal includes a unique clause where states will not sue Meta under existing child safety laws for using children's dat...
In Q2 2026, Alphabet and Meta both reported strong revenue growth, with Alphabet reaching $119.8 billion and Meta $60.8 billion. Alphabet's AI and cloud services drove a 34% operating margin and an 82% increase in Google Cloud revenue, showing robust...
Nvidia is enhancing its hardware support for Chinese AI models like DeepSeek and Alibaba's Qwen to stay competitive against domestic chipmakers and maintain its lead in AI infrastructure. This move comes as US lawmakers grow concerned about the risin...
Palo Alto Networks CEO Nikesh Arora predicts a collapse in most AI cloud companies once GPU scarcity ends but identifies Nebius as a rare 'neoscaler' with durable advantages. Nebius boasts $575 million in AI cloud revenue, a 50% adjusted EBITDA margi...
