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The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion.
(Bloomberg) -- Investors are flocking back to Apple Inc. as nervousness about artificial intelligence spending weighs on the stocks of chipmakers and cloud-computing giants. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Both Sides Dispute Hormuz
Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50 billion. The planned data center, known as Hyperion, was earlier projected to deliver more than 2 gigawatts of compute capacity to support training of large language models, the technology behind tools such as ChatGPT. • U.S. environmental law group Earthjustice's request to investigate the financing of Meta's Louisiana data center project was denied earlier this year.
July 13 (Reuters) - Meta said on Monday its data center in Richland Parish, Louisiana will expand to 5 gigawatts of compute capacity, in a bid to support the social media company's AI ambitions.
Mark Zuckerberg‘s net worth surged by more than $13 billion on Friday as Meta Platforms shares extended their strong rebound. He ended the week with an estimated net worth of $237 billion, an increase of about $4 billion since the...
(Bloomberg) -- Meta Platforms Inc. has committed to spending an additional $40 billion on its sprawling data center campus in Louisiana, pushing its total expected investment beyond $250 billion for the site as it continues to grow its artificial intelligence computing footprint. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Em
Meta Platforms Inc (NASDAQ:META) is one of billionaire David Abrams’ top stock picks with upside potential. Analysts project more than 40% upside for Meta stock from the current level. This social media stock is popular with elite investors, as some 262 hedge funds own Meta shares. On July 2, Wolfe Research reaffirmed its Outperform rating […]
SpaceX faces valuation and execution concerns, but its leadership in satellite connectivity and reusable launches supports long-term growth prospects.
(Bloomberg) -- The European Union will propose a law to restrict children’s access to social media, according to the bloc’s top official, as part of a growing global consensus about the harm it causes. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes
The Morning Bull - US Market Morning Update Monday, Jul, 13 2026 US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.4%, as investors digest a mix of cooling inflation and uneven growth signals abroad. Softer price data in countries like France, where inflation sits at 1.8%, suggests global cost of living pressures are easing, which can take some pressure off central banks to keep lifting interest rates. At the same time, weaker industrial output in...
Taiwan, Nvidia and Apple have been highlighted in this Investment Ideas article.
On an early July episode of Mad Money, Jim Cramer walked through the Magnificent Seven one stock at a time and pushed back on treating them as a single basket. Cramer’s charitable trust owns six of the seven, save Tesla, and the point was that each name has its own thesis, growth curve, and risks. ... Jim Cramer Says Comparing the Mag 7 Is a Mistake: Here Are 5 Reasons Each Stock Is Different
New AI innovations are piquing investors' interest.
Fidji Simo stepped down from her full-time role as OpenAI‘s president of applications on Thursday, transitioning to a part-time advisory position after her chronic illness recovery proved longer than she had anticipated. In her X post, Simo wrote that she...
Chinese regulators have required Meta Platforms to unwind its planned $2b acquisition of AI start up Manus, clearing the way for Tencent to become the largest shareholder. The reversal marks a setback for Meta's AI plans in China and raises questions about its ability to secure and retain key AI assets in important markets. Separately, the European Commission has issued preliminary findings that Facebook and Instagram use potentially "addictive" design features such as infinite scroll and...
In a weekly Q&A, Chief Adam Mosseri said artificial intelligence models “are very expensive to run,” forcing the company to “either throttle people or ask them to pay.”
Meta Platforms has been announcing a flurry of AI initiatives that would help it monetize its capex. META stock can rise further in 2026 as the company raises its game in AI.
A look at what a decade of patience in the social media giant actually paid.
If you can find a fortune teller bold enough to share their secrets, they’ll probably tell you that predicting the future has less to do with what's inside their crystal ball than with what you see around you. The same is true for investing. While crystal balls belong at state fairs, successful ...
On Thursday, Meta Platforms Inc. CEO Mark Zuckerberg returned to X after nearly three years to unveil the company’s latest AI model. Mark Zuckerberg Returns To X Zuckerberg broke his long silence on X to introduce Muse Spark 1.1, Meta’s...
Meta Platforms Inc. (NASDAQ:META) is one of the 10 Best Stocks to Buy in 2026 According to Billionaire D.E. Shaw. Social media giant Meta Platforms Inc. (NASDAQ:META) has been in the news lately due to its reported decision to sell excess computing capacity. The reports come as discussions and debates about its spending, despite not […]
On Thursday, a top tech analyst said Meta Platforms, Inc.’s massive AI infrastructure investment underscores its long-term ambitions, arguing the company’s custom chip strategy is designed to expand computing capacity alongside Nvidia Corp and Advanced Micro Devices, Inc. —not replace...
Investment Announcements Spark Oversupply FearsNomura believes investor concerns over a potential slowdown in the artificial intelligence memory market have been exaggerated, arguing that recent investment plans by South Korean chipmakers and Meta’s (NASDAQ:META) cloud strategy do not signal weakening demand. The brokerage noted that South Korean memory manufacturers and related companies recently announced long-term investment programmes worth approximately 4.
A former Meta and Google engineer warns Bitcoin faces two ticking time bombs: quantum computing and miner incentives.
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