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(Bloomberg) -- Apple Inc. received a rare bearish rating as KeyBanc Capital Markets downgraded the stock to underweight, citing concerns over both demand and valuation.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With App

According to a report by The Information, the company is said to be specifically looking at "neocloud" providers to increase the adoption of its custom TPUs, including Nvidia-backed Nscale.

Meta's stock is down more than 7% year to date. The company spent much of this year defending its decision to pour hundreds of billions of dollars into AI infrastructure, and investors who followed the Q1 earnings call on April 29 watched the stock drop another 6% to 7% after the company raised its ...

Investing.com -- The European Union issued preliminary findings on Friday accusing Meta Platforms Inc. of using addictive design features and disregarding risks to children on its Facebook and Instagram platforms.

Investing.com -- Meta Platforms’ specialized AI division, Meta Superintelligence Labs, announced Thursday the release of Muse Spark 1.1. The updated multimodal reasoning model is specifically engineered to handle autonomous "agentic" workflows, boasting a massive one-million-token context window alongside major upgrades to coding and direct computer control. The release marks a significant push by Meta to lead the enterprise AI market. Alongside the consumer-facing rollout, the company launched

If you have ever caught yourself doom scrolling on Instagram or Facebook for hours on end and felt bad, don't; the technology is working exactly how it was intended to. Everything from the length and style of the Reels to the algorithms' encyclopedic knowledge of your likes and dislikes is designed ...

Time was, the future looked so bright for Meta Platforms that founder Mark Zuckerberg had to wear shades—AI-powered smart glasses, that is. In Zuckerberg’s words, 2023 wasn’t just Meta’s “year of efficiency” — it was actually the company’s best year ever. Shares surged 178% as the digital ...

Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including JPMorgan analysts raising their price target on Eli Lilly (LLY) stock, Vertex Pharmaceuticals' (VRTX) acquisition of Crinetics (CRNX), and the possible $1.4 trillion lawsuit that multiple states are now suing Meta Platforms (META) for.

(Bloomberg) -- Microsoft Corp.’s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapM

Four US states seek $1.4 trillion from Meta over teen addiction claims. See why Meta stock barely moved on the news.

Micron hits an interesting level on the charts.

Investors are assessing strong momentum for hardware companies in the first half of the year.

American employers added 57,000 new jobs last month, the Labor Department said Thursday. Memory stocks were particularly hard hit, with Sandisk falling 14.1% and Samsung Electronics declining 9.1% overnight.

U.S. stock futures were lower as AI-related stocks fell across the globe ahead of Thursday’s crucial jobs data.

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)

By Caroline Valetkevitch and Niket Nishant July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday with falling technology shares, but gains in Meta Platforms provided some support along

Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported ‌on Wednesday citing people familiar with the matter. The move ‌could reduce Meta's reliance on advertising revenue and help it take on major cloud ​companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.

July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.

Meta has hired the founding team of security startup Virtue AI to protect its upcoming autonomous software agents amid growing federal oversight.

Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.

The Commodity Futures Trading Commission (CFTC), the federal derivatives regulator, filed a lawsuit against the Commonwealth of Kentucky on June 23, 2026, making it the ninth state the agency has sued in an accelerating battle over who gets to regulate prediction markets in the United States. Kentucky had moved the ...

Alphabet to replace Verizon in Dow reshuffle, FedEx boosted by higher shipping rates, Cerebras beats expectations, and more news to start your day.

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.

<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said.&nbsp;</p><p>The EU alleges the social media giant designs its platforms to be addictive to children.&nbsp;</p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission.&nbsp;</p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks.&nbsp;</p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment.&nbsp;</p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington.&nbsp;</p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>

By Amanda Cooper LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to

(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t

US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...

Emily Dalton Smith, who was set to lead Meta's internal AI work push, is reportedly leaving the company.

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...

(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares