Nvidia has rallied on growing demand for AI chips to power data centers. Now Elon Musk's xAI and Meta Platforms are unveiling plans for new facilities.
The largest artificial intelligence data center ever built by Facebook's parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state.
Turkey's competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram.
Facebook-parent Meta said on Wednesday it plans to invest $10 billion to set up an AI data center in Louisiana, in what would be the tech company's largest data center in the world.
Meta Platforms Inc (NASDAQ:META) stock is sitting out the broader tech rally this afternoon, down 0.3% at $612.06 at last glance, though it earlier hit an all-time high of $617.78.
Analysts say digital ad business is a "natural beneficiary" of strong Cyber Monday spending. The post Meta Stock Hovers Near All-Time High.
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain why he's buying more Meta
META's expanding AI prowess, which is helping it add new features to Facebook and Messenger, is driving prospects.
Earlier this year, Meta tried to get its own nuclear powered data center the easy way, by building one next to an existing reactor. But after regulators threw cold water on the plan — the site was reportedly home to a rare bee species — the company is back with a new idea: find a developer who will build one or more nuclear power plants somewhere, anywhere.
Meta Platforms (META) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Meta Platforms Inc. (NASDAQ: META) reached an all-time intraday high of $614 on December 3, 2024, surpassing its previous peak of $601.20 set on October 30.
Meta Platforms is a dominant social media giant with nearly 4 billion monthly users, driving significant advertising revenue and profitability. Despite its strong performance, Meta's stock is highly volatile and susceptible to broader market risks, resembling past bubble periods. I recommend a tactical buy for Meta, with a potential upside to $1,000, while emphasizing the importance of risk management.