First, it's hard to get too negative when capital expenditures for companies building out AI infrastructure are running near $400 billion annualized, growing roughly 50% Y/Y. These are not small numbers and they've already influenced economic activity across sectors.
Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It's the company's latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta's second major AI audio acquisition in the last month after it bought PlayAI.
A California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app. The jury ruled that the plaintiffs proved that Meta violated the California Invasion of Privacy Act, according to a verdict form filed Friday in the U.S. District Court for Northern District of California.
META's expanding AI prowess is driving user engagement and advertising dollars. However, a premium valuation makes the stock a risky bet.
After a 2Q beat-and-raise, we think META has continued upside from AI commercialization, as monetization outpaces infrastructure/talent investments. We see three key debates taking shape on a go-forward basis, and we think the bull camp has more ammo right now. We're starting META at Buy, with a $885 YE'26 target, seeing ~14% upside from here.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 1.57% over the past five trading sessions, but the Magnificent Seven mainstay has still enjoyed a 27.40% year-to-date gain.
Meta Platforms (META) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
After reporting fantastic earnings results for Q2, Magnificent Seven stock Meta Platforms NASDAQ: META just got more great news: a wave of Wall Street analyst upgrades.
A California jury has found Meta in violation of state user privacy laws in a class-action suit brought by users of period tracking app, Flo, who alleged that the tech giant collected private menstrual health data without users' consent and used it for ad-tracking purposes.
Meta is under criticism for privacy practices across two of its platforms. Meta's artificial intelligence assistant may publicly share user prompts, and its apps may have exploited a technical loophole to track Android users without their knowledge, CPO Magazine reported.
Meta is one of the rare companies already benefiting from its AI investments. The company is being driven by strong performance across its social media platforms, with consistent growth in both revenue and earnings per share.
Examine Meta Platforms' (META) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.