The inability of Meta's AI chatbot to identify the current president of the United States was elevated to urgent status by the Facebook owner this week, requiring a fast fix, a person familiar with the issue said.
Tony Wang, T. Rowe Price portfolio manager, joins 'Squawk on the Street' to discuss divergences within the technology space, the Stargate Project news, and much more.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Meta Platforms Inc.
AI stocks have been on a tear in the past two years, and the recent Stargate announcement has caused some of these stocks to start accelerating again.
META, which has generated over 3x the returns of its peerset (1-yr basis) will soon have to deal with a potential catalyst- the Q4 earnings, on the 29th of Feb. Seasonal business tailwinds and ongoing strength in ad pricing should reflect well, but RL may continue to be a drag, even as investment and expense growth picks up. Despite an expected spike in CAPEX, the FCF position still looks resilient enough to facilitate some growth in dividends or a step-up in share buybacks.
Ben Watson provides the significant technical patterns to monitor for Meta Platforms (META). With shares hovering just below all-time highs, Ben points to resistance and support areas that investors should monitor ahead of next week's earnings report.
Meta Platforms (NASDAQ: META) has kicked off the year with a strong start, rising over 6% year-to-date.
Meta Platforms Inc has bagged a share price target upgrade from Wedbush analysts ahead of fourth-quarter figures and likely insight into its artificial intelligence plans. Wedbush noted that investor focus had turned to capital expenditure guidance prior to the results on January 29, given accelerating investment in AI and related infrastructure.
BofA analyst Justin Post raised the firm's price target on Meta Platforms to $710 from $660 and keeps a Buy rating on the shares. The firm, which is adjusting estimates for recent U.S. dollar appreciation and lowering 2025 revenue and EPS by 2% to $183B and $25.32, respectively, is rolling forward its valuation to 2026 estimates and basing its target on a revised 2026 GAAP EPS view of $28.86 and a slightly lower multiple. 29 Jan
Technology stocks helped lead the market higher in the past decade and there is no reason to think that they won't help lead stocks higher in the next decade. Technology continues to bring change, and right now it looks like the early innings of the next big technological wave with artificial intelligence (AI).
Meta Platforms, the parent company of WhatsApp, has secured interim relief from India's National Company Law Appellate Tribunal (NCLAT), which stayed the five-year ban imposed by the Competition Commission of India (CCI) on WhatsApp's data-sharing practices.
An Indian appeals tribunal on Thursday put on hold the antitrust authority's five-year data sharing ban between WhatsApp and Meta for advertising purposes.