Meta Platforms, Inc. (META)
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Meta is making a significant pivot by planning to cut up to 30% from its metaverse budget, redirecting resources towards AI initiatives, particularly wearables. This shift reflects a response to lukewarm reception of its metaverse projects and signals a strategic focus on more immediate technological advancements. Investors are reacting positively, seeing potential in this new direction.
Latest News
| Title | Published |
|---|---|
OpenAI, NextDC Plan to Build $4.6 Billion Sydney Data Center The new data center is part of a broader AI infrastructure partnership between the two companies, NextDC said Friday, sending its stock soaring as much as 11%. The project, slated to get up and running by the second half of 2027, comes as OpenAI is launching its first office in Australia and the country pushes forward with its sovereign artificial intelligence efforts. | about 7 hours ago |
Why Meta Platforms Shares Are Moving Upwards Meta Cuts Metaverse Spending -- Investors Cheer AI Focus Shift | about 8 hours ago |
Jim Cramer on Meta: “I Think It’s a Buy” Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently looked at. During the episode, illustrating the point that if OpenAI’s story were turned into a Netflix series, Cramer said: “The Wall Street Journal reported this very morning that Altman said OpenAI might be pushing back… on other initiatives, like advertising, like AI […] | about 9 hours ago |
Does New Louisiana Gas Buildout And Meta Deal Change The Bull Case For Entergy (ETR)? Entergy Louisiana has recently broken ground on two newly approved combined-cycle natural gas plants that will add about 1,500 megawatts of efficient generation capacity to support reliability and economic growth in north Louisiana. A key component of the plan is Meta's new data center investment, which is expected to enhance grid resilience and deliver roughly US$650 million in customer savings over 15 years. We will now examine how the new gas capacity and Meta-backed customer savings... | about 10 hours ago |
Citizens Asserts Market Outperform Rating on Meta Platforms Inc. (META) Buoyed by AI Strategy Meta Platforms Inc. (NASDAQ:META) is one of the best augmented reality stocks to buy right now. On November 24, analysts at Citizens reiterated a Market Outperform rating on the stock and set a $900 price target, impressed by its artificial intelligence development. According to the research firm, the introduction of the Segment Anything model 3 […] | about 10 hours ago |
Meta scales back metaverse spending following reports of cutting budget by up to 30% Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports of lukewarm metaverse reception. | about 11 hours ago |
Why Winning A Bidding War For Your Dream Home May Not Be A Win After All Many prospective homeowners know the frustration of being outbid for a house they wanted, but losing the bidding war could actually be a blessing in disguise. Winning buyers often lost financially when compared to buyers who didn't, according to a ... | about 12 hours ago |
OpenAI, NextDC Plan to Build $4.6 Billion Sydney Data Center
The new data center is part of a broader AI infrastructure partnership between the two companies, NextDC said Friday, sending its stock soaring as much as 11%. The project, slated to get up and running by the second half of 2027, comes as OpenAI is launching its first office in Australia and the country pushes forward with its sovereign artificial intelligence efforts.
Why Meta Platforms Shares Are Moving Upwards
Meta Cuts Metaverse Spending -- Investors Cheer AI Focus Shift
Jim Cramer on Meta: “I Think It’s a Buy”
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently looked at. During the episode, illustrating the point that if OpenAI’s story were turned into a Netflix series, Cramer said: “The Wall Street Journal reported this very morning that Altman said OpenAI might be pushing back… on other initiatives, like advertising, like AI […]
Does New Louisiana Gas Buildout And Meta Deal Change The Bull Case For Entergy (ETR)?
Entergy Louisiana has recently broken ground on two newly approved combined-cycle natural gas plants that will add about 1,500 megawatts of efficient generation capacity to support reliability and economic growth in north Louisiana. A key component of the plan is Meta's new data center investment, which is expected to enhance grid resilience and deliver roughly US$650 million in customer savings over 15 years. We will now examine how the new gas capacity and Meta-backed customer savings...
Citizens Asserts Market Outperform Rating on Meta Platforms Inc. (META) Buoyed by AI Strategy
Meta Platforms Inc. (NASDAQ:META) is one of the best augmented reality stocks to buy right now. On November 24, analysts at Citizens reiterated a Market Outperform rating on the stock and set a $900 price target, impressed by its artificial intelligence development. According to the research firm, the introduction of the Segment Anything model 3 […]
Meta scales back metaverse spending following reports of cutting budget by up to 30%
Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports of lukewarm metaverse reception.
Why Winning A Bidding War For Your Dream Home May Not Be A Win After All
Many prospective homeowners know the frustration of being outbid for a house they wanted, but losing the bidding war could actually be a blessing in disguise. Winning buyers often lost financially when compared to buyers who didn't, according to a ...