Meta Platforms (NASDAQ:META | META Price Prediction) stock just got a vote of confidence from CFRA, which raised its rating to Strong Buy.
Meta Platforms (NASDAQ:META | META Price Prediction) is trading at $608.83 as of writing.
Treasury and Fed urgently convened major bank CEOs to address cyber risks from Anthropic's new AI model, Mythos. Anthropic's Claude Mythos Preview, released to select partners, can identify software vulnerabilities better than most humans, heightening cybersecurity disruption fears.
While the tech giant has the means to fight in court, ongoing legal battles could temper a long-term recovery in its shares.
Meta Platforms said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing litigation accusing it and other social media companies of designing their platforms to be addictive to young users.
In the closing of the recent trading day, Meta Platforms (META) stood at $628.24, denoting a +2.58% move from the preceding trading day.
Meta is drafting top software engineers from across the company into a new AI engineering organization created last month, according to an internal memo seen by Reuters, part of a reorganization of its workforce in preparation for layoffs.
The company unveiled Muse Spark, its first major AI model since overhauling its AI division and pouring billions into talent and infrastructure.
Investors have been quite skeptical about Meta Platforms, Inc.'s aggressive AI investments, as the company, so far, has failed to launch meaningful AI products. Amid this backdrop, META stock surged 7% on April 8 after the company launched Muse Spark, its first product to come out of Meta Superintelligence Labs, led by Alexandr Wang. Meta needs to justify its AI investments. Llama 4 has been a disappointment. I believe this is where the Muse Spark launch fits in.
After more than half a year of languishing, the AI Boom appears ready to reassert its leadership.
On Wednesday (April 8), Meta released Muse Spark, the first artificial intelligence (AI) model out of Meta Superintelligence Labs. Built over the past nine months under Chief AI Officer Alexandr Wang, the new AI model is showing performance competitive with systems from OpenAI, Google and Anthropic, according to CNBC.
Meta expanded its agreement with CoreWeave to $21 billion for AI compute capacity, according to a Thursday (April 9) report from Bloomberg. The deal runs through 2032 and builds on a prior multibillion-dollar contract between the companies.