Meta Platforms Inc considering $15 billion investment in Scale AI, valuing it at $28 billion. Aims to build superintelligence lab to compete with OpenAI, Anthropic & Google.
Gary Black, a seasoned Wall Street investor, has made a significant shift in his investment strategy. Black, who recently sold off his remaining shares in Tesla Inc. (NASDAQ: TSLA), is now focusing on what he sees as major opportunities in big tech.
Meta Platforms Inc (NASDAQ: META) typically sees strong returns from June 11 to July 11, with a 6.3% average gain and low drawdowns in the past 13 years.
Meta Platforms Inc. (NASDAQ: META) is seeing its ad business thrive due to older users, despite its attempts to draw in Gen Z. These older users have a higher likelihood of making purchases or signing up for services.
Attaining AGI will help Meta incorporate the technology into its suite of products, including social media, communications platforms, and AI tools such as the Meta chatbot and its AI-powered Ray-Ban Glasses.
A sharp divide is emerging on Wall Street. Bank of America's strategist Michael Hartnett says that President Donald Trump‘s economic policies are lifting capital-rich tech giants rather than domestically focused small caps.
Long-term concerns about AI are shifting to the back burner as earnings showed the sector is building momentum; these three ETFs are ready to move higher
