Instagram owner Meta Platforms Inc (NASDAQ:META) has been stung by bees in its attempt to catch up with big tech rivals in powering its artificial intelligence data centres by nuclear power. The social media colossus was blocked by the presence of a rare species of the sting-tailed insects at a site where it had planned to build a data centre, according to a report by the Financial Times.
2025 is starting to get closer, and investors need to position their portfolios accordingly.
The U.S. Supreme Court is set to consider bids by two tech giants - Meta's Facebook and Nvidia - to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account.
Which of these social media giants has a brighter future?
Investors continue to be nervous about the company's spending.
Meta investors who trust Mark Zuckerberg have been rewarded as the stock outperformed the market significantly over the past year. The market likely understated Meta's ability to embed AI and drive growth in its core business previously. Zuckerberg has upped the ante against its big tech peers, as AI CapEx is expected to surge through 2025.
The company announced it will increase capital expenditures significantly in 2025.
This company is taking a long-term approach to investing in the future of artificial intelligence.
Steve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to discuss why he's adding to his Meta position.
Meta Platforms Inc. NASDAQ: META has, for the most part, enjoyed a stellar year. Shares of the tech titan have been building on a 550% rally that has been underway since October 2022, and there are several reasons to be excited about them heading into next year.
Meta Platforms mentioned it will continue to invest heavily in AI infrastructure.
Meta Platforms (META) exceeded Wall Street's third quarter earnings expectations, delivering strong results on both revenue and profit. Yet the stock has slipped as analysts grow concerned over whether Big Tech could have a new CapEx spending problem around AI.