Internal Meta memo shows the company is ramping up hiring of engineers as it cuts thousands of jobs.Meta wants to "expedite recruiting" of machine learning engineers in the coming weeks, per the memo.The hiring comes as Meta started notifying employees this week if they have been impacted by its cuts.Meta is ramping up hiring for machine learning engineers while slashing thousands of jobs. Last month, Meta said it would eliminate about 5% of its workforce, which could mean almost 4,000 employees lose their ...

We are bullish on Meta Platforms (NASDAQ: META ) owing to its strong growth levers, especially in the wake of accelerated AI growth. We rate this stock a 'strong buy' given its double-digit undervaluation based on ourStock analysis brought to you by the team at HedgeMix. The analysis is based on a careful review of the growth prospects of each company. For valuation purposes, we often use the Discounted Cash Flow (DCF) model, sharing valuable insight on cash flow generation under different business models.A ...

This post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Welcome back! President Donald Trump said that he plans to impose 25% tariffs today on imports of steel and aluminum. Gold hit a record high following the news, while some related currencies softened against the dollar. US futures are rising in premarket trading. In today's big story, Meta employees impacted by its performance-based cuts are getting notified today.What's on dec ...

Artificial intelligence (AI) investing is still one of the prevailing themes in the markets. Investors need to have some exposure to this trend, as it has the potential to be a generation-defining technology with a similar magnitude of impact as the internet.For AI investing, my top three buys today are Nvidia (NVDA 0.90%), Taiwan Semiconductor Manufacturing (TSM -2.08%), and Meta Platforms (META 0.35%). These are major players in the AI world, and they all look like smart buys right now.Nvidia and Taiwan S ...

Artificial intelligence (AI) continues to garner lots of attention. And for good reason. It seems that not a week goes by without a major news story about it grabbing eyeballs.The takeaway for investors is that this revolutionary technology is here to stay. Corporate executives believe this to be true, and they continue to pour billions upon billions of dollars into it. At the end of the day, it might be a good idea to figure out how to gain exposure to this trend.You don't have to look that far to find wha ...

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winn ...

Meta Platforms (META 0.35%) has been one of the hottest growth stocks to own in recent years. Since the beginning of 2023, it has skyrocketed by around 490%, turning a $10,000 investment into nearly $59,000. The social media stock has gone from being the stock seemingly no one wanted to own in 2022 to now becoming one of the most valuable companies in the world, with a market cap of close to $1.8 trillion. The business has been doing well, and bullishness remains high for the stock. Can Meta Platforms turn ...

Meta plans to cut thousands of jobs to focus on AI investment and efficiency.Mark Zuckerberg targets low performers, part of a broader industry move toward leaner operations.Some employees told Business Insider they are anxious about the changes.Meta is planning to cut thousands of jobs in coming days as the social-media giant takes a tougher stance on under-performing employees and readies its finances for another year of heavy AI investment. The company has said it will eliminate roughly 5% of its workfor ...

Core Viewpoint - Businesses across various sectors are increasingly investing in artificial intelligence (AI), particularly in graphics processing units for training generative AI programs. Despite expectations of a peak in investments, significant spending continues, especially from major players like Meta Platforms [1][2]. Group 1: Meta's Capital Expenditure Plans - Meta Platforms announced a capital expenditure (capex) plan that could reach $65 billion in 2025, reflecting over 60% growth from the previous year, primarily focused on AI infrastructure investments [2][4]. - The spending will be allocated to three main categories: servers, data centers, and networking equipment, with a focus on building data centers equipped with large training clusters [5][4]. - Meta plans to enhance the adoption of its custom Meta Training and Inference Accelerator chips, developed in collaboration with Broadcom [5]. Group 2: Historical Context of Spending - The last significant spending spree by Meta was related to its investments in the metaverse, which began aggressively in 2022, leading to a substantial increase in capex [8][9]. - This previous investment resulted in a notable decline in profitability, with earnings per share falling 38% in 2022, as advertising revenue also decreased by 1% [12][9]. Group 3: Potential Differences This Time - The economic environment in 2022 was challenging for tech companies, with high inflation and rising interest rates impacting overall business spending [11]. - Unlike the metaverse investments, Meta's current infrastructure spending is designed to extend the useful life of its servers, potentially leading to better returns on investment [13]. - The effectiveness of the capex spending will be clearer this year, with a focus on monitoring earnings announcements and management commentary regarding the AI push [14].

Meta is set to begin its previously announced workforce reduction on Monday (Feb. 10).The company told staff on Friday (Feb. 7) that those who are laid off will be cut off from Meta’s internal system within an hour and notified about their severance packages via email, The Information reported Friday.CNBC reported on Jan. 14 that Meta planned to cut about 5% of its “low performers,” as the move was described in internal messages from company executives, and that the employees affected by the cuts would be n ...