Meta's next earnings report on July 29 will allow management to address how much it plans to spend on AI infrastructure in the second half of the year and whether its fledgling cloud computing business has any paying customers yet. Tesla will also face its own test on July 22, when the carmaker's latest earnings will be published.
Meta Platforms' Muse Image brings AI image creation to Meta AI, Instagram and WhatsApp, supporting engagement and advertiser tools across its apps.
Meta's AI glasses have a growing reputation as a creepy technology. The company hopes to change that opinion by announcing an update that will disable the camera if the LED light that indicates the glasses are recording has been tampered with.
Meta Platforms remains a compelling 'Buy' as capex is expected to peak in 2026, with normalization likely in 2027. META's core ads business is robust, with 19% y/y impression growth and a 27% y/y increase in average revenue per daily active person. Operating margin stands at 41%, and Q1 free cash flow reached $12.4 billion despite heavy capex, supporting long-term value.
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Meta Platforms (NASDAQ:META | META Price Prediction) has been through the wringer.
Meta Platforms is reiterated as a Strong Buy, trading at 17x FWD earnings, 19% below its 5-year average. META's social media dominance is expanding, with ARPP up 27% YoY and Asia-Pacific driving user and monetization growth. The company is launching a compute rental business, leveraging excess AI GPU capacity amid surging global demand and high spot prices.
Meta has begun rolling out an image generation model available in Meta AI. Muse Image is the first such model developed by Meta Superintelligence Labs, the company said in a Tuesday (July 7) press release.
Meta Platforms (META) reached $615.58 at the closing of the latest trading day, reflecting a +2.55% change compared to its last close.
Meta has unveiled its new AI image generator, Muse Image, which was produced by Meta Superintelligence Labs, the company's dedicated AI unit.
Meta is building a 715,000-square-foot data center campus in Cheyenne, Wyoming. The city said the project is responsible for contaminating part of its recycled water system, used only for irrigation purposes.
Meta said it based the $1.4 trillion figure, which is nearly as large as the company's entire market cap, on how the attorneys general of California, Colorado, Kentucky and New Jersey have argued penalties should be calculated if they win the case. The two sides face off in Oakland federal court on Aug 18.