Meta Platforms (Facebook) Stock News

Meta Platforms Inc. (NASDAQ: META) has received a significant boost in investor confidence as Jefferies analyst Brent Thill reiterated a “Buy” rating on the stock while raising the price target to $675.

Amazon NASDAQ: AMZN and Meta NASDAQ: META are pulling back from their Q3 2024 highs and providing a second chance for investors to load up. Up more than 30% and 55% YTD, respectively, these stocks are experiencing natural corrections within robust bull markets and providing entry points for new and follow-on investments.

Meta and Pinterest are much more reliable social media plays.

Shares of Microsoft and Meta Platforms trade at much higher prices than their tech-sector peers in the trillion-dollar club.

Billionaire Izzy Englander Just Sold Apple, Amazon, and Nvidia but Bought 4 Other "Magnificent Seven" Stocks

Meta hired Salesforce's CEO of AI, Clara Shih, to lead a new organization building AI tools for businesses that use Meta's apps to reach consumers, according to a LinkedIn post from Shih on Tuesday. Meta confirmed the appointment and the new Business AI group in a statement to TechCrunch.

In the 1860s the first transcontinental cable was laid on the ocean floor. While it miraculously connected North America with Europe, communication via the connection was only affordable to the richest of the very rich.

AI is expected to have a multi-trillion dollar economic impact globally, with a recent estimate from IDC placing AI's cumulative potential impact through 2030 at $20 trillion. Developing larger models and doubling model sizes requires massive computing power that only Big Tech can afford to develop. Big Tech is already realizing AI-related gains, with three of the four saying AI revenue is at l...