Ahead of its Q1 report on Wednesday, May 20, Nvidia stock has pulled back roughly 6% from its recent record high of $236 a share (post-split basis),
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Ahead of its Q1 report on Wednesday, May 20, Nvidia stock has pulled back roughly 6% from its recent record high of $236 a share (post-split basis),
Meta Platforms, Inc. (NASDAQ:META) is one of the Best Stocks to Invest in For 5 Years According to Billionaires. On May 13, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) is launching a new Incognito Chat feature on WhatsApp for conversations with the company’s AI assistant. The report highlighted that this new feature is aimed at […]
Two of the largest names in digital advertising have moved in opposite directions over the past month, and the gap is striking. Meta Platforms (NASDAQ:META) stock is down 11% over the trailing month, while Alphabet (NASDAQ:GOOGL) stock is up 16% in the same time frame. Both reported their financial results on April 29, and the ... Meta Platforms Is Down 11% in a Month While Alphabet Is Up 16%. What’s Going On?
Meta detailed its layoff plans for this week in a memo shared with employees on Monday, saying cuts to 10% of its workforce globally would be accompanied by a new round of organizational changes aimed at improving the company's AI workflows. The Facebook owner is planning to lay off 10% of its employees on Wednesday, with notifications going out in three batches globally at 4 a.m. local time, according to the memo, seen by Reuters. In the memo, Meta's head of human resources, Janelle Gale, told employees that "many leaders will announce org changes" in coordination with the layoffs.

<body><p>STORY: :: Amazon Web Service</p><p>Two powerhouse utility companies are merging as the AI boom fuels data center demand.</p><p>:: NextEra Energy</p><p>NextEra Energy on Monday said it will buy Dominion Energy in an all-stock transaction valued at nearly $67 billion.</p><p>:: Dominion Energy</p><p>The deal is one of the biggest in the U.S. power industry, and will create the world's largest regulated electric utility company by market value.</p><p>:: NextEra Energy</p><p>:: Amazon Web Service</p><p>The transaction gives NextEra greater reach into supplying electricity to Big Tech's burgeoning data centers, with Dominion's customers including Alphabet, Amazon, Microsoft, Meta and CoreWeave.</p><p>:: Archive</p><p>It also follows an agreement NextEra made last year with Google to reopen a nuclear power plant in Iowa.</p><p>The energy sector has seen a wave of consolidation recently as rapid data-center buildout lifts power demand for the first time in two decades, opening up a lucrative revenue stream and boosting profit prospects.</p><p>:: Archive</p><p>This year, AES Corp agreed to be acquired by a consortium led by Global Infrastructure Partners and Swedish private-equity firm EQT. That followed Constellation Energy's deal for Calpine and Blackstone's purchase of TXNM Energy last year.</p><p>Monday's announcement sent shares of NextEra lower by as much as five-and-a-half percent, while Dominion's stock rose as much as eleven-and-a-half percent to its highest level since November of 2022.</p></body>
The mismatch between Meta Platforms' soaring fundamentals and declining stock price will be recognized soon.
(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and
NextEra Energy has agreed to acquire Dominion Energy in a $66.8 billion all-stock deal, creating the world's largest regulated electric utility with over $400 billion in enterprise value.
Investors watch whether AI chip demand can still outpace forecasts
Xponential Fitness's first quarter results fell short of Wall Street’s expectations, with revenue and non-GAAP earnings both missing consensus estimates. Management attributed the underperformance to lower digital traffic, which was impacted by significant changes in advertising platforms like Meta and Google. CEO Michael Nuzzo noted that these digital shifts reduced the company's ability to generate new member leads, while ongoing brand divestitures also played a role. On the positive side, Nuz
Big tech stocks are falling--and taking the major market index down with them. Among the 11 S&P 500 sectors, information technology is getting hit the hardest, down 1.4%. The next biggest laggard is industrials, down 0.
President Trump’s trading activity surged in the first quarter, totaling more than 3,700 transactions, according to recent financial disclosures. The disclosures, published by the U.S. Office of Government Ethics late last week, include millions of dollars in transactions relating to companies such as Nvidia, Alphabet and Amazon.
An analyst firm just put a much bigger number next to Advanced Micro Devices (NASDAQ:AMD), yet stopped short of telling clients to buy. Citi raised its price target on AMD to $460 from $358 while keeping a Neutral rating, anchored to a sweeping new CPU forecast that pegs the market at $132 billion by 2030. ... AMD Price Target Vaults to $460 at Citi on $132 Billion CPU Forecast. So Why Neutral?
Company trims workforce while increasing investment in artificial intelligence
Workforce Reductions Set to Begin This WeekMeta Platforms (NASDAQ:META) is reportedly preparing to cut approximately 8,000 jobs this week, equal to roughly 10% of its workforce, according to a CNBC report published Monday. The company has also reportedly scrapped plans to hire for about 6,000 vacant positions.
Investing.com -- Meta Platforms is set to begin laying off approximately 8,000 employees this week, representing about 10% of its workforce, according to a CNBC report Monday. The company also canceled plans to fill 6,000 open positions.
US stocks have been predicted to start Monday trading in the red, as they ended last week, with investors continuing to worry about rising bond yields, stubborn inflation and the economic fallout from higher oil prices. Dow Jones futures were down around 262 points or 0.4%, while S&P 500...
With big tech’s CapEx in the hundreds of billions and the potential for them to test the $1 trillion in the next year, investors, many of whom are starting to get just a little bit worried about a potential bubble forming in AI or AI chips, are going to want to see more in the ... 2 Big AI Spenders Poised to Actually Get the Payoff — Perhaps Sooner Rather Than Later
Meta Platforms is undervalued compared to its peers.
Rumors are largely gone. Insiders have leaked that the SpaceX IPO trigger will get pulled on June 12. Elon Musk’s company will try to raise $80 billion at a valuation north of $1.75 tillion. Some speculate that the figure will be closer to $2 trillion, making it as valuable as Tesla (NASDAQ: TSLA). No one ... SpaceX To Go Public June 12, As Speculation Rises
Santa Clara County filed a civil lawsuit against Meta Platforms (NasdaqGS:META), alleging the company knowingly facilitates and profits from scam advertising that uses AI tools to target vulnerable users. The complaint claims these scam ads have contributed to billions in consumer losses and seeks to test the limits of platform liability for paid content. At the same time, Meta faces a cluster of shareholder proposals ahead of its annual meeting, calling for more disclosure on child safety,...
Banks and consumer advocates are taking social media to task, while Facebook tries to rein in fake profiles and scam ads.
Sen. Bernie Sanders (I-Vt.) criticized the growing influence of ultra-wealthy tech leaders as President Donald Trump's high-profile visit to China placed Silicon Valley's biggest names and their economic power at the center of global diplomacy and AI debate. Sanders Questions...
Advanced Micro Devices (AMD) has gained about 98% year to date, according to Yahoo Finance at the time of writing, Sunday morning, May 17. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.4% in the same period. The company has outpaced the S&P 500 by a huge margin. That is impressive, ...
Snap is unprofitable after almost 15 years and doesn't have the revenue growth rates of an exciting start-up.
Alphabet (GOOGL) stock is up about 25.34% year to date, at the time of writing, Saturday afternoon, May 16, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.4% in the same period. Google has managed to outpace the S&P 500, but it has also outpaced other ...
Artificial intelligence is no longer just about who builds the fastest chips. Increasingly, it’s about who controls the infrastructure powering the AI boom — the cloud providers, networking gear, software tools, and data centers that keep those chips humming around the clock. That’s where Nvidia (NASDAQ:NVDA) has been playing a quieter game investors may be ... Nvidia’s Hidden Portfolio Just Doubled Down on CoreWeave Stock
A new Gallup survey published on Wednesday found most Americans oppose building AI data centers in their local area, highlighting growing public resistance as technology companies rapidly expand artificial intelligence infrastructure. Gallup said 71% of Americans oppose AI data centers...