Meta Platforms forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling its bets on pricey artificial intelligence-powered tools were struggling to attract additional digital ad dollars to its social media platforms.
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine.
Zuckerberg likely to be asked about plans to spend $60-65bn on AI in 2025 as tech giant faces increased competition
Meta Platforms (NASDAQ:META) seems to be in a strange spot amid the DeepSeek AI cost efficiency breakthrough after announcing its plans to spend as much as $65 billion on AI efforts in 2025 just last week.
Meta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading. Meta shares are up over 11% since Oct. 30, when it reported third-quarter earnings and said it would raise the low end of its 2024 capital expenditures guidance from $37 billion to $38 billion.
Meta reports earnings Wednesday afternoon. Investors will be focused on the implications of DeepSeek's success — and on the less flashy topic of currency pressures.
Meta has a reasonable chance of beating earnings estimates and has seen positive earnings estimate revision for the to-be-reported quarter.
Plenty of stocks managed to buck the sell-off on Monday. We want to look for stocks that hold up well through volatile periods.
As of Jan. 29, 2025, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Meta Platforms, Inc. META will release its fourth-quarter financial results after the closing bell on Wednesday, Jan. 29.
The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use.
Paul Sankey of Sankey Research explains why the excessive demand for power needed to deploy cutting-edge chips from the likes of Nvidia and support data centers from companies such as Meta Platforms could prove to be a detriment to America's tech giants in the long run. Paul speaks with Tom Keene and Jess Menton on Bloomberg Radio.