META's stock has seen a solid 43% rise in the last six months. This growth is primarily fueled by a mix of factors, including upbeat quarterly performance and significant AI investments that boosted the core advertising business, leading to a rise in ad impressions and ad prices.
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.
Stock splits don't create any value whatsoever, but when they are announced, they tend to attract considerable attention from retail investors.
When billionaire Ray Dalio talks, investors listen. Founder of the hedge fund Bridgewater Associates, Dalio has made moves that have generated impressive returns over the years.
Meta Platforms has outperformed peers YTD, with a modest valuation and technical indicators signaling a potential buying opportunity. Q2 revenue rose 22% to $47.5B, driven by higher ad impressions and pricing; net income jumped 36% year-over-year. Reality Labs continues to post significant losses, but management remains committed to innovation in smart glasses despite investor discomfort.
OpenAI's Sora app could fundamentally change the social-media landscape and leave Meta scrambling to catch up.
Meta has reportedly recruited one of the co-founders of artificial intelligence (AI) startup Thinking Machines. Andrew Tulloch, a high-profile AI researcher, confirmed his departure in a message to workers on Friday (Oct. 10), The Wall Street Journal (WSJ) reported, citing sources familiar with the matter.
Andrew Tulloch, the co-founder of Mira Murati's Thinking Machines Lab, has left the company to join Meta Platforms, the Wall Street Journal reported on Saturday.
Andrew Tulloch is the latest big-name AI researcher to join the social-media giant.
Sam Altman-backed Campus has hired Meta's former AI chief Jerome Pesenti as its technology head and acquired his AI company for an undisclosed amount. The acquisition advances the "engineering roadmap by 2-3 years," said Tade Oyerinde, Campus founder and chancellor.
In the most recent trading session, Meta Platforms (META) closed at $733.51, indicating a +2.18% shift from the previous trading day.
New Mexico accused Meta of withholding internal records about AI chatbots in a child-safety lawsuit. Meta argues the requests fall outside the scope of the case.