Meta shares fell over 8% after the company announced plans to invest $130 billion to $145 billion in AI this year and reported Q2 earnings per share below Wall Street expectations. Despite a 28% revenue increase to $60.8 billion driven by AI-enhanced digital ads, Meta expects slower revenue growth in Q3. Investors are concerned about the high costs of AI infrastructure as Meta competes with rivals like OpenAI and Google. CEO Mark Zuckerberg remains optimistic about AI's role in future growth, highlighted by a new $14 billion data center venture with BlackRock.
The August jobs report showed stronger-than-expected job growth with 162,000 jobs added and unemployment steady at 4.1%, easing concerns about labor market weakness. This shifts the Federal Open Market Committee's (FOMC) attention fully to inflation ...
Jim Cramer recently called the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—a generational buying opportunity, arguing they are undervalued due to heavy AI infrastructure spending. He believes this capital invest...
Meta Platforms, Inc. has launched its Muse Spark 1.3 AI model, which significantly reduces the performance and token efficiency gap with leading AI models from Anthropic and OpenAI. This advancement strengthens Meta's AI strategy by improving token u...
The Schwab U.S. Large-Cap Growth ETF (SCHG) heavily concentrates its portfolio in just three tech giants—NVIDIA, Apple, and Microsoft—making up nearly a third of its holdings. Despite being marketed as a diversified large-cap growth fund, this concen...
Goldman Sachs highlights that the AI capital spending cycle is in its early stages, driven by a shift from consumer-led to corporate capex-led growth in the US economy. While stocks like NVIDIA led previous gains, the market is now rotating leadershi...
