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Largest US companies by market cap
Up-to-date market cap rankings of the top US stocks
Prediction: This Stock Will be the Biggest Winner of the U.S.' New $500 Billion AI Project.
Artificial intelligence (AI) companies saw revenue soar last year as data centers built out infrastructure and customers launched AI projects -- and as a result, investors piled into shares of players involved in this high-growth technology. These stocks even drove index gains last year, with AI chip designer Nvidia (NVDA -3.12%) scoring the best performance in the Dow Jones Industrial Average and AI software company Palantir Technologies posting the greatest gain in the S&P 500.
Got $500? 2 Top Growth Stocks to Buy That Could Double Your Money
The stock market had another strong run in 2024, and there are still attractive opportunities to put some money to work at the start of the new year. Companies enabling the adoption of artificial intelligence (AI) are still in a solid position to deliver returns to investors, but it's important to maintain realistic expectations.
Billionaire Steven Cohen Sells Apple Stock and Buys a Little-Known AI Stock Up 500% in Less Than 3 Years
Steven Cohen runs Point72 Asset Management, a hedge fund that has earned $38 billion in profits since its inception in 1992. That makes him the 12th-most successful hedge fund manager in history, according to LCH Investments.
GE Vernova Has Major Megatrends Taking Place
GE Vernova has the ability to realize significant growth and margin expansion, driven by strong power demand for lighting up data centers. Oracle & Softbank recently announced a $500b venture for developing large-scale data centers. Oracle had previously hinted at constructing multiple 200MW sites for OpenAI. GEV's long-term growth is supported by partnerships in developing small modular reactors, potentially accelerating the commencement towards the end of the decade.
Mag 7 Earnings On Deck: A Closer Look
This week takes us into the heart of the Q4 earnings season, with more than 300 companies reporting results, including four Magnificent 7 members and 96 other S&P 500 members. We have Tesla TSLA, Microsoft MSFT, and Meta Platform META on Wednesday, January 29th, and Apple AAPL on Thursday, January 30th.
Meta Plans to Spend as Much as $65B in 'Defining Year for AI' Says Zuckerberg
Meta Platforms (META) CEO Mark Zuckerberg said the company plans to invest $60 billion to $65 billion in capital expenditures this year, up from an estimated $38 billion to $40 billion in 2024, as the tech giant expands its artificial intelligence efforts.
Options Action: Bullish bets on Tesla
Mike Khouw joins CNBC's Melissa Lee and the Options Action traders.
Final Trade: GLD, NEE, ORCL, MP
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Tevogen Bio Broadens Relationship with Microsoft to Deepen Artificial Intelligence Collaboration and Develop PredicTcell Technology on Azure
WARREN, N.J., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Tevogen Bio Holdings Inc. (“Tevogen Bio” or “Company”) (Nasdaq: TVGN ), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T-cell therapeutics for infectious diseases and cancers, announced today that it has broadened its relationship with Microsoft (Nasdaq: MSFT ) to broaden its AI-focused collaboration and build its PredicTcell technology. PredicTcell is Tevogen Bio's proprietary technology designed for predictive precision T cell targeting. This expanded relationship is designed to harness Microsoft's cutting-edge AI, cloud capabilities, and Microsoft's health and life sciences domain expertise to accelerate Tevogen Bio's target identification and pre-clinical processes, strengthening the company's pipeline of innovative immunotherapies.
Netflix will likely 'keep soaring,' says MNTN CEO Mark Douglas
Mark Douglas, MNTN CEO, joins CNBC's 'The Exchange' to discuss growth expectations for Netflix.
Why Nvidia's New Graphics Cards Could Be Bad News for AMD and Intel
Nvidia (NVDA -3.12%) is the undisputed leader in the artificial intelligence (AI) chip market these days. It has been generating fantastic growth in both its revenue and earnings, and the expectation that there's much more growth ahead is why many investors aren't shying away from buying the stock, despite its high valuations.
Netflix set a 'really high bar' for tech earnings, says Dan Niles
Dan Niles, Niles Investment Management founder & portfolio manager, joins 'Closing Bell Overtime' to talk tech investing, the Magnificent 7 earnings coming up next week, and more.
Stargate AI Project: What AI Stocks Could Benefit in 2025 and Beyond?
On Tuesday, President Donald Trump announced The Stargate Project, a private $500 billion artificial intelligence (AI) infrastructure project in the United States, as I reported on Wednesday. He heralded it as the "largest AI infrastructure project, by far, in history.
Dan Ives says Apple has hit the bottom
Apple Inc.'s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached. The stock has slumped 11% in 2025 through Thursday's close, making it by far the worst performer in the Magnificent Seven group.
Benchmark's Bill Gurley: Microsoft-OpenAI deal sounds like one of the most complex of all time
Bill Gurley, Benchmark general partner, joins 'Closing Bell' to discuss Stargate's impact on AI infrastructure, Elon musk and more.
Top 2025 Semiconductor Trades: Buy NVIDIA & TSM, Skip AMD
In 2025, the global semiconductor market is positioned to expand, igniting enthusiasm among market participants. Notably, a couple of semiconductor stocks — NVIDIA Corporation NVDA and Taiwan Semiconductor Manufacturing Company Limited TSM, or TSMC — have seen substantial gains for quite some time, but Advanced Micro Devices, Inc. AMD has had a terrible run.
Meta Is Still A Strong Buy
Meta Platforms is in a solid uptrend, with the potential to reach $750 by year-end due to strong earnings and technical momentum. Meta's massive AI investments and leadership in VR, AR and the metaverse position it for substantial future revenue and profitability growth. Meta consistently outperforms earnings estimates, with potential 2025 EPS around $28, making it relatively inexpensive at a 20 forward P/E multiple.
CapEx should balloon for Meta, BNP Paribas' Stefan Slowinski
Stefan Slowinski, BNP Paribas Exane global head of software research, joins 'Power Lunch' to discuss opportunities in software stocks and his expectations for mega-cap tech earnings.
Options Corner: META, PLTR, ISRG
Today's Options Corner turns to unusual options trades highlight stocks in A.I. and healthcare.
Netflix Q4: Beginning Of New Growth
Netflix, Inc.'s Q4 2024 earnings showed significant growth in revenue, operating income, and subscriber base, with a 16% YoY revenue increase and 18.9M net membership additions. Strong free cash flow and balance sheet enable continuous share repurchases, with $17.1B buyback authorization, enhancing shareholder value. Netflix's extensive content library and successful ad tech strategy drive subscriber growth and ad revenue, solidifying its competitive advantage.
Tesla Earnings Preview: The Best of the Mag 7?
Looking back, Tesla ( TSLA ) often takes the most challenging and volatile path higher—but higher it goes. Over the past six months, Tesla stock has outperformed the rest of the Magnificent Seven, even though it was the worst performer during the first half of 2024.
Waymo lobbyist activity in SF skyrocketed in 2024
Waymo lobbyists had a busy 2024. A recent review of lobbyist disclosure data by the San Francisco Examiner revealed Waymo paid lobbyists to meet with San Francisco government officials 348 times last year, more than double the 137 times it reported in 2023.
Meta scrambles to fix AI chatbots that still calling Joe Biden the president
On Thursday, Meta's artificial intelligence bots across Facebook, Instagram and WhatsApp were still telling inquisitive users that the US president is Joe Biden – despite Donald Trump's inauguration on Monday, according to a report.
YTSL:CA: 12% Yield Can Offer Downside Protection For Tesla Stock Ahead Of Q4 Earnings
Covered call ETFs, such as Tesla (TSLA) Yield Shares Purpose ETF, offer high yields and can achieve impressive total returns, especially when tied to volatile stocks like Tesla. Tesla, Inc.'s stock has shown significant long-term gains but faces high volatility and valuation concerns, yet making it ideal for covered call strategies. Despite TSLA stock's overvaluation and mixed financial performance, strong cash flows and liquidity position support its bullish outlook.
META Investing Up to $65B in A.I. & Earnings Preview
Meta Platforms (META) said it will invest between $60 billion and $65 billion into A.I. in 2025. That money will go to a 2+ gigawatt data center that CEO Mark Zuckerberg says, "would cover a significant part of Manhattan.
Meta to begin testing ads on Threads, its micro-blogging app
Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday. The experiment marks Meta's first run at generating revenue from Threads, which launched in 2023 to rival X, the company formerly known as Twitter that Elon Musk purchased in 2022.
NVDA "Hard Not to be Bullish," Leads Consumer Sentiment Data
@LikeFolio's Megan Brantley points to "massive tailwinds" for Nvidia (NVDA) by breaking down its consumer sentiment data. She says the company has a clear lead for web visits and happiness in the A.I.
Who Will Benefit From Trump's $500 Billion AI Infrastructure Plan?
The $500 billion AI infrastructure initiative by OpenAI, SoftBank, Oracle, and MGX will transform multiple sectors, creating generational investment opportunities. Nvidia, TSMC, and Broadcom are poised to benefit significantly from the AI infrastructure build out, particularly in the semiconductor sector. Constellation Energy and Vistra are uniquely positioned to meet the massive energy demands of AI infrastructure, leveraging their clean energy capabilities.
Microsoft Earnings Report Will Key On Azure Growth, AI Adoption
Wall Street is expecting Microsoft's sales and earnings growth to slow when it reports December-quarter results late Wednesday. The post Microsoft Earnings Report Will Key On Azure Growth, AI Adoption appeared first on Investor's Business Daily.
Netflix: It Is Time To Sell The King Of Streaming
Netflix is shown to excel in cost-benefit analysis, outperforming competitors in metrics like the number of titles and value for money, but struggles to compete on pricing for lower-income households. Increasing competition from services like Amazon Prime, Disney+, and Apple TV, challenge Netflix's pricing power, regional dominance, and overall growth potential. Netflix remains a strong player but lacks the upside potential and risk-reward balance to justify its valuation and is unlikely to outperform the market.
Amazon Prime Video shifts focus to live sports to boost profits, The Information reports
Amazon's Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported on Friday.
Microsoft is “Flooring it” on AI in 2025—It's Time to Buy the Stock.
Microsoft (NASDAQ:MSFT) is about to have another big AI-driven year as the enterprise behemoth aims to spend a colossal $80 billion on AI-related efforts for fiscal year 2025, a big chunk of which will go toward building out AI data centers.
Meta Platforms, Tesla, Microsoft Headline Parade Of Magnificent Seven Earnings Reports
Meta stock is holding near all-time highs ahead of a busy week of earnings among large-cap technology stocks. The post Meta Platforms, Tesla, Microsoft Headline Parade Of Magnificent Seven Earnings Reports appeared first on Investor's Business Daily.
SK Hynix Shared Great Insight for Micron and Nvidia Stock Investors
In today's video, I discuss the recent updates impacting Nvidia (NVDA -1.07%) and Micron Technology (MU -0.94%)after SK Hynix reported earnings. To learn more, check out the short video, consider subscribing, and click the s pecial offer link below.
Meta Will Spend Record $60 Billion On AI This Year, Zuckerberg Says—After Trump Announces Stargate Deal With OpenAI
Meta will rapidly ramp up its spending in 2025 as part of its artificial intelligence push, according to its centibillionaire CEO Mark Zuckerberg announced Friday, as the battle between Meta and its generative AI competitors including OpenAI and Elon Musk's xAI comes to the forefront this week with President Donald Trump's announcement of the $500 billion “Stargate” joint venture with OpenAI.
AAPL's Earnings "Comes Down to iPhone" & Apple Intelligence Outlook
@morningstar's William Kerwin sees "multiple headwinds" for Apple's (AAPL) iPhone 16 sales. He notes market share loss in China and staggered integration of its Apple Intelligence A.I.
Tesla's Model Y Glow-Up Arrives In Time For Q4 Earnings: Will It Be Enough?
Tesla Inc TSLA is rolling into its fourth quarter earnings next week with a mix of hype and hesitation. The stock has had a rollercoaster year, climbing nearly 99% over the past 12 months but slipping 10.79% in the past month.
Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure this year as it builds out its AI infrastructure. Meta is building a large datacenter that "would cover a significant part of Manhattan" to power its AI offerings and will end the year with 1.3 million GPUs, Zuckerberg said.
Options Action: Bullish bets on Tesla
Mike Khouw joins CNBC's Melissa Lee and the Options Action traders.
Final Trade: GLD, NEE, ORCL, MP
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Netflix will likely 'keep soaring,' says MNTN CEO Mark Douglas
Mark Douglas, MNTN CEO, joins CNBC's 'The Exchange' to discuss growth expectations for Netflix.
Netflix set a 'really high bar' for tech earnings, says Dan Niles
Dan Niles, Niles Investment Management founder & portfolio manager, joins 'Closing Bell Overtime' to talk tech investing, the Magnificent 7 earnings coming up next week, and more.
Dan Ives says Apple has hit the bottom
Apple Inc.'s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached. The stock has slumped 11% in 2025 through Thursday's close, making it by far the worst performer in the Magnificent Seven group.
Benchmark's Bill Gurley: Microsoft-OpenAI deal sounds like one of the most complex of all time
Bill Gurley, Benchmark general partner, joins 'Closing Bell' to discuss Stargate's impact on AI infrastructure, Elon musk and more.
CapEx should balloon for Meta, BNP Paribas' Stefan Slowinski
Stefan Slowinski, BNP Paribas Exane global head of software research, joins 'Power Lunch' to discuss opportunities in software stocks and his expectations for mega-cap tech earnings.
Options Corner: META, PLTR, ISRG
Today's Options Corner turns to unusual options trades highlight stocks in A.I. and healthcare.
META Investing Up to $65B in A.I. & Earnings Preview
Meta Platforms (META) said it will invest between $60 billion and $65 billion into A.I. in 2025. That money will go to a 2+ gigawatt data center that CEO Mark Zuckerberg says, "would cover a significant part of Manhattan.
NVDA "Hard Not to be Bullish," Leads Consumer Sentiment Data
@LikeFolio's Megan Brantley points to "massive tailwinds" for Nvidia (NVDA) by breaking down its consumer sentiment data. She says the company has a clear lead for web visits and happiness in the A.I.
AAPL's Earnings "Comes Down to iPhone" & Apple Intelligence Outlook
@morningstar's William Kerwin sees "multiple headwinds" for Apple's (AAPL) iPhone 16 sales. He notes market share loss in China and staggered integration of its Apple Intelligence A.I.
Prediction: This Stock Will be the Biggest Winner of the U.S.' New $500 Billion AI Project.
Artificial intelligence (AI) companies saw revenue soar last year as data centers built out infrastructure and customers launched AI projects -- and as a result, investors piled into shares of players involved in this high-growth technology. These stocks even drove index gains last year, with AI chip designer Nvidia (NVDA -3.12%) scoring the best performance in the Dow Jones Industrial Average and AI software company Palantir Technologies posting the greatest gain in the S&P 500.
Got $500? 2 Top Growth Stocks to Buy That Could Double Your Money
The stock market had another strong run in 2024, and there are still attractive opportunities to put some money to work at the start of the new year. Companies enabling the adoption of artificial intelligence (AI) are still in a solid position to deliver returns to investors, but it's important to maintain realistic expectations.
Billionaire Steven Cohen Sells Apple Stock and Buys a Little-Known AI Stock Up 500% in Less Than 3 Years
Steven Cohen runs Point72 Asset Management, a hedge fund that has earned $38 billion in profits since its inception in 1992. That makes him the 12th-most successful hedge fund manager in history, according to LCH Investments.
GE Vernova Has Major Megatrends Taking Place
GE Vernova has the ability to realize significant growth and margin expansion, driven by strong power demand for lighting up data centers. Oracle & Softbank recently announced a $500b venture for developing large-scale data centers. Oracle had previously hinted at constructing multiple 200MW sites for OpenAI. GEV's long-term growth is supported by partnerships in developing small modular reactors, potentially accelerating the commencement towards the end of the decade.
Mag 7 Earnings On Deck: A Closer Look
This week takes us into the heart of the Q4 earnings season, with more than 300 companies reporting results, including four Magnificent 7 members and 96 other S&P 500 members. We have Tesla TSLA, Microsoft MSFT, and Meta Platform META on Wednesday, January 29th, and Apple AAPL on Thursday, January 30th.
Meta Plans to Spend as Much as $65B in 'Defining Year for AI' Says Zuckerberg
Meta Platforms (META) CEO Mark Zuckerberg said the company plans to invest $60 billion to $65 billion in capital expenditures this year, up from an estimated $38 billion to $40 billion in 2024, as the tech giant expands its artificial intelligence efforts.
Tevogen Bio Broadens Relationship with Microsoft to Deepen Artificial Intelligence Collaboration and Develop PredicTcell Technology on Azure
WARREN, N.J., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Tevogen Bio Holdings Inc. (“Tevogen Bio” or “Company”) (Nasdaq: TVGN ), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T-cell therapeutics for infectious diseases and cancers, announced today that it has broadened its relationship with Microsoft (Nasdaq: MSFT ) to broaden its AI-focused collaboration and build its PredicTcell technology. PredicTcell is Tevogen Bio's proprietary technology designed for predictive precision T cell targeting. This expanded relationship is designed to harness Microsoft's cutting-edge AI, cloud capabilities, and Microsoft's health and life sciences domain expertise to accelerate Tevogen Bio's target identification and pre-clinical processes, strengthening the company's pipeline of innovative immunotherapies.
Why Nvidia's New Graphics Cards Could Be Bad News for AMD and Intel
Nvidia (NVDA -3.12%) is the undisputed leader in the artificial intelligence (AI) chip market these days. It has been generating fantastic growth in both its revenue and earnings, and the expectation that there's much more growth ahead is why many investors aren't shying away from buying the stock, despite its high valuations.
Stargate AI Project: What AI Stocks Could Benefit in 2025 and Beyond?
On Tuesday, President Donald Trump announced The Stargate Project, a private $500 billion artificial intelligence (AI) infrastructure project in the United States, as I reported on Wednesday. He heralded it as the "largest AI infrastructure project, by far, in history.
Top 2025 Semiconductor Trades: Buy NVIDIA & TSM, Skip AMD
In 2025, the global semiconductor market is positioned to expand, igniting enthusiasm among market participants. Notably, a couple of semiconductor stocks — NVIDIA Corporation NVDA and Taiwan Semiconductor Manufacturing Company Limited TSM, or TSMC — have seen substantial gains for quite some time, but Advanced Micro Devices, Inc. AMD has had a terrible run.
Meta Is Still A Strong Buy
Meta Platforms is in a solid uptrend, with the potential to reach $750 by year-end due to strong earnings and technical momentum. Meta's massive AI investments and leadership in VR, AR and the metaverse position it for substantial future revenue and profitability growth. Meta consistently outperforms earnings estimates, with potential 2025 EPS around $28, making it relatively inexpensive at a 20 forward P/E multiple.
Netflix Q4: Beginning Of New Growth
Netflix, Inc.'s Q4 2024 earnings showed significant growth in revenue, operating income, and subscriber base, with a 16% YoY revenue increase and 18.9M net membership additions. Strong free cash flow and balance sheet enable continuous share repurchases, with $17.1B buyback authorization, enhancing shareholder value. Netflix's extensive content library and successful ad tech strategy drive subscriber growth and ad revenue, solidifying its competitive advantage.
Tesla Earnings Preview: The Best of the Mag 7?
Looking back, Tesla ( TSLA ) often takes the most challenging and volatile path higher—but higher it goes. Over the past six months, Tesla stock has outperformed the rest of the Magnificent Seven, even though it was the worst performer during the first half of 2024.
Waymo lobbyist activity in SF skyrocketed in 2024
Waymo lobbyists had a busy 2024. A recent review of lobbyist disclosure data by the San Francisco Examiner revealed Waymo paid lobbyists to meet with San Francisco government officials 348 times last year, more than double the 137 times it reported in 2023.
Meta scrambles to fix AI chatbots that still calling Joe Biden the president
On Thursday, Meta's artificial intelligence bots across Facebook, Instagram and WhatsApp were still telling inquisitive users that the US president is Joe Biden – despite Donald Trump's inauguration on Monday, according to a report.
YTSL:CA: 12% Yield Can Offer Downside Protection For Tesla Stock Ahead Of Q4 Earnings
Covered call ETFs, such as Tesla (TSLA) Yield Shares Purpose ETF, offer high yields and can achieve impressive total returns, especially when tied to volatile stocks like Tesla. Tesla, Inc.'s stock has shown significant long-term gains but faces high volatility and valuation concerns, yet making it ideal for covered call strategies. Despite TSLA stock's overvaluation and mixed financial performance, strong cash flows and liquidity position support its bullish outlook.
Meta to begin testing ads on Threads, its micro-blogging app
Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday. The experiment marks Meta's first run at generating revenue from Threads, which launched in 2023 to rival X, the company formerly known as Twitter that Elon Musk purchased in 2022.
Who Will Benefit From Trump's $500 Billion AI Infrastructure Plan?
The $500 billion AI infrastructure initiative by OpenAI, SoftBank, Oracle, and MGX will transform multiple sectors, creating generational investment opportunities. Nvidia, TSMC, and Broadcom are poised to benefit significantly from the AI infrastructure build out, particularly in the semiconductor sector. Constellation Energy and Vistra are uniquely positioned to meet the massive energy demands of AI infrastructure, leveraging their clean energy capabilities.
Microsoft Earnings Report Will Key On Azure Growth, AI Adoption
Wall Street is expecting Microsoft's sales and earnings growth to slow when it reports December-quarter results late Wednesday. The post Microsoft Earnings Report Will Key On Azure Growth, AI Adoption appeared first on Investor's Business Daily.
Netflix: It Is Time To Sell The King Of Streaming
Netflix is shown to excel in cost-benefit analysis, outperforming competitors in metrics like the number of titles and value for money, but struggles to compete on pricing for lower-income households. Increasing competition from services like Amazon Prime, Disney+, and Apple TV, challenge Netflix's pricing power, regional dominance, and overall growth potential. Netflix remains a strong player but lacks the upside potential and risk-reward balance to justify its valuation and is unlikely to outperform the market.
Amazon Prime Video shifts focus to live sports to boost profits, The Information reports
Amazon's Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported on Friday.
Microsoft is “Flooring it” on AI in 2025—It's Time to Buy the Stock.
Microsoft (NASDAQ:MSFT) is about to have another big AI-driven year as the enterprise behemoth aims to spend a colossal $80 billion on AI-related efforts for fiscal year 2025, a big chunk of which will go toward building out AI data centers.
Meta Platforms, Tesla, Microsoft Headline Parade Of Magnificent Seven Earnings Reports
Meta stock is holding near all-time highs ahead of a busy week of earnings among large-cap technology stocks. The post Meta Platforms, Tesla, Microsoft Headline Parade Of Magnificent Seven Earnings Reports appeared first on Investor's Business Daily.
SK Hynix Shared Great Insight for Micron and Nvidia Stock Investors
In today's video, I discuss the recent updates impacting Nvidia (NVDA -1.07%) and Micron Technology (MU -0.94%)after SK Hynix reported earnings. To learn more, check out the short video, consider subscribing, and click the s pecial offer link below.
Meta Will Spend Record $60 Billion On AI This Year, Zuckerberg Says—After Trump Announces Stargate Deal With OpenAI
Meta will rapidly ramp up its spending in 2025 as part of its artificial intelligence push, according to its centibillionaire CEO Mark Zuckerberg announced Friday, as the battle between Meta and its generative AI competitors including OpenAI and Elon Musk's xAI comes to the forefront this week with President Donald Trump's announcement of the $500 billion “Stargate” joint venture with OpenAI.
Tesla's Model Y Glow-Up Arrives In Time For Q4 Earnings: Will It Be Enough?
Tesla Inc TSLA is rolling into its fourth quarter earnings next week with a mix of hype and hesitation. The stock has had a rollercoaster year, climbing nearly 99% over the past 12 months but slipping 10.79% in the past month.
Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure this year as it builds out its AI infrastructure. Meta is building a large datacenter that "would cover a significant part of Manhattan" to power its AI offerings and will end the year with 1.3 million GPUs, Zuckerberg said.
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