Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.
Meta plans a multibillion-dollar global underwater cable project spanning 31,000 miles. The project will ramp up data transmission and connect the US to India, Brazil, and South Africa.
One artificial intelligence (AI) stock that got off to a scorching start this year is social media juggernaut Meta Platforms (META 1.11%). Just a couple of weeks ago, Meta's leadership told investors that 2025 is going to be a jam-packed year as the company seeks to continue moving aggressively on its AI roadmap.
Though not the most-discussed artificial intelligence (AI) stock of the bull market, Meta Platforms (NASDAQ: META) has been an exceptionally reliable performer with the upside, especially visible in the more recent months.
Meta stock has continued to show good bullish momentum in 2025, despite having delivered a massive bull run in 2024. The key metric to look for is the growth in the price per ad impressions, which increased by 14% YoY in the recent quarter as the company delivers more targeted ads. Meta has been able to rapidly monetize the capex on its AI infrastructure, which is why the stock is rewarded compared to Alphabet and Microsoft.
Meta's policy chief said the company would loop in Trump when it feels targeted by regulators abroad. The company believes Trump would defend US companies he views as being treated unfairly.
Project Waterworth involves 50,000km cable using 24 fibre-pair system connecting US, India, Brazil and other regions
Meta Platforms, formerly Facebook, has seen a significant stock rise but is currently priced near perfectly, considering its growth, advancements in AI, and ad spending headwinds. Despite a strong Q4 2024, Meta's Q1 2025 revenue guidance and high total expenses raise some concerns, but I believe the management is being conservative in the provided guidance. Deceleration in global ad spending growth and reduced political ad spending could impact Meta's revenue growth, despite strong fundamentals in its Family of Apps.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
On Friday, Meta leadership announced that it would be launching an entirely new division dedicated to its latest initiative: developing AI powered humanoid robots.
Shares of Meta Platforms (META 1.11%) are up 23% year to date, following another strong earnings report in January.
Shares of Meta Platforms (META 1.11%) have delivered explosive returns to investors since bottoming out in 2022, and the stock continues to hit new highs. The stock surged recently after the company reported strong revenue and earnings performance in the fourth quarter.