Meta Platforms NASDAQ: META just provided an interesting update on its latest artificial intelligence (AI) glasses. In September of last year, the Magnificent Seven company unveiled its next-generation AI device, the Meta Ray-Ban Display.
Meta Platforms said on Friday it struck 20-year agreements to buy power from three Vistra nuclear plants in the U.S. heartland and develop projects with two companies hoping to build small modular reactors.
The Facebook parent will back nuclear projects with Oklo, Bill Gates-backed TerraPower, and Vistra.
Meta CTO Andrew Bosworth is holding a meeting he called the "most important" of the year. Managers are urging staff to attend in person, an unusual push for Reality Labs.
Chinese regulators are investigating Meta's $2 billion purchase of artificial intelligence startup Manus, CNBC reported Thursday (Jan. 8). The probe will focus on whether the deal complies with China's export control laws, the report said.
China said on Thursday it would assess and investigate Meta's acquisition of artificial intelligence startup Manus, in a move highlighting its technology rivalry with the U.S..
Last year, one of the better performers among the Magnificent 7 was Meta Platforms Inc.
Meta experienced a 30% drawdown despite record revenues. The market is concerned about AI CapEx and R&D rising significantly with uncertain ROI. Meta's growth pillars remain intact; recent & planned spending should yield ad pricing power and a valuable in-house AI.
The latest consensus earnings revisions foretell robust Rule of 40 score for Meta Platforms (META) ahead, driven by strong growth and profitability metrics. Consensus forecasts for FQ4 imply a 20.5% revenue increase and a 36.3% net margin, yielding an R40 score of 56.8. META's valuation appears elevated versus sector medians, but is well below other stocks who can also pass R40.
Many baby boomers who are avidly focused on investing for their own retirement may also be looking to invest for their loved ones.
Shares of Meta Platforms Inc. (NASDAQ: META) gained 0.32% over the past five trading sessions after gaining 1.04% the five prior.
Micron (MU) and memory stocks surged as AI-driven demand fuels a high-bandwidth memory shortage and a potential supercycle. Discord confidentially filed for an IPO, while Meta's $2B Manus acquisition faces early-stage review by Chinese authorities.