Wells Fargo analyst Ken Gawrelski lowered Meta Platforms' price target from $770 to $765 while maintaining an Overweight rating, reflecting confidence in Meta's AI infrastructure investments despite increased capital expenditures. Meta's strong ad growth and expanding AI compute spending support the bullish outlook, even as Reality Labs continues to post losses and regulatory pressures mount. The stock has faced recent pressure due to higher capex guidance, but Wells Fargo views Meta as a core AI infrastructure holding with long-term potential. Investors should weigh the growth opportunity against near-term volatility from heavy spending.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
