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Meta hits a record high; This is why the stock is surging
Finbold· 2024-12-04 13:17
Meta Platforms Inc. (NASDAQ: META) reached an all-time intraday high of $614 on December 3, 2024, surpassing its previous peak of $601.20 set on October 30.At the close of the latest trading session, Meta’s stock stood firm at $614, reflecting a remarkable one-month gain of 9% and a year-to-date (YTD) increase of 77%. META five-day price chart. Source: FinboldThis performance cements Meta’s position as one of the top-performing mega-cap tech stocks, driven by strong financial results, advancements in artifi ...
Meta Platforms: Much Higher Price Points Possible If Melt Up Follows Through
Seeking Alpha· 2024-12-04 13:00
Meta Platforms (NASDAQ: META ), pardon the pun, is performing as advertised. The digital ad giant is well into a new leg of success for its stock price, thanks in large part to the right pivot at the right time. If Howard Stern was theI'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden YARP Portfolio, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been chart ...
Meta starts the search for nuclear partners to power energy-hungry AI
Business Insider· 2024-12-04 12:04
Advertisement Meta is seeking nuclear energy developers to power its AI and sustainability goals.The company said in a blog post it's targeting delivery of the project in the early 2030s. Meta is not alone in turning to nuclear power, with Microsoft and Google making investments.Meta is looking for nuclear energy developers to power its AI ambitions. On Tuesday, Meta said in a blog post that it's targeting 1 to 4 gigawatts of new nuclear generation capacity to be delivered starting in the early 2030s. Adve ...
Meta says no sign of AI bedeviling elections in 2024
Techxplore· 2024-12-03 17:50
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Meta president of global affairs Nick Clegg says the Facebook parent is looking to improve the 'precision' with which it targets content for removal after admitting it may have overdone enforcement in the past. Meta on Tuesday said fears that artificial intelligence would unleash a torrent of misinformation to deceive voters aro ...
Meta Platforms: The Clock Is Ticking On This Opportunity
Seeking Alpha· 2024-12-03 17:00
It appears that nothing can stop the Meta Platforms, Inc. (NASDAQ: META ) growth story for now. The company continues to show impressive results, and a potential favorable environment ahead almost guarantees that Meta will be able toI'm a Ukraine-based seasoned investor, who firsthand experienced what’s it like to live in an environment full of systemic geopolitical shocks when the war came to my home country. Despite this, I managed to build an all-weather portfolio that has been able to thrive in volatile ...
Meta says AI content made up less than 1% of election-related misinformation on its apps
TechCrunch· 2024-12-03 15:15
At the start of the year, there were widespread concerns about how generative AI could be used to interfere in global elections to spread propaganda and disinformation. Fast forward to the end of the year, Meta claims those fears did not play out, at least on its platforms, as it shared that the technology had limited impact across Facebook, Instagram, and Threads.The company says its findings are based on content around major elections in the U.S., Bangladesh, Indonesia, India, Pakistan, the EU Parliament, ...
Meta says it has taken down about 20 covert influence operations in 2024
The Guardian· 2024-12-03 13:00
Meta has intervened to take down about 20 covert influence operations around the world this year, it has emerged – though the tech firm said fears of AI-fuelled fakery warping elections have not materialised in 2024.Nick Clegg, the president of global affairs at the company that runs Facebook, Instagram and WhatsApp, said Russia was still the No 1 source of the adversarial online activity but said in a briefing it was “striking” how little AI was used to try to trick voters in the busiest ever year for elec ...
Cathie Wood Says Software Is the Next Big AI Opportunity -- 1 Super Stock You'll Regret Not Buying in 2025 If She's Right
The Motley Fool· 2024-12-03 09:27
Meta stock could be one of the best buys in the artificial intelligence industry right now.Morgan Stanley estimates that just four companies -- Microsoft, Amazon, Alphabet, and Meta Platforms (META 3.22%) -- will spend a combined $300 billion on data center infrastructure and chips during 2025 alone, to support their ambitions in the artificial intelligence (AI) space. Cathie Wood is the founder of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technolog ...
Meta: Innovation Keeps Snowballing
Seeking Alpha· 2024-12-02 19:02
Meta (NASDAQ: META ) has kept investors happy as the stock gained around 20% since my 'Strong Buy' recommendation on May 10 . The company keeps driving innovation, which is accompanied by consistently strong financial performance. The valuation is still attractive, meaning thatComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental an ...
Meta plans to build $10B globe-spanning undersea internet cable: report
New York Post· 2024-12-01 03:42
Social media giant Meta plans to lay down its own private undersea fiber optic internet cable that will extend around the world, according to a new report.Early next year, Meta — the parent company of Facebook, Instagram and WhatsApp — is expected to announce the plan to lay over 25,000 miles of fiber optic cables under the sea, which could cost more than $10 billion, sources close to the company told TechCrunch. 4 Meta plans to lay more than 25,000 miles of undersea fiber optic cables, according to a new ...