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Meta caught investors off-guard following an announcement about rising investments in infrastructure. The company is developing its own proprietary semiconductor chips in an effort to be less reliant on third parties.
Despite notching a fresh all-time high less than a month ago, it's been a tough couple of weeks for shares of Meta Platforms NASDAQ: META. The tech giant was already starting to see its shares soften in the second half of April as the broader market began selling off, but they took an even bigger dip last week.
Meta Platforms beat Wall Street's expectations in the first quarter of 2024, yet its stock sank following the result. Investors were displeased with a forecasted increase in the company's capital expenditure to accelerate the development of artificial intelligence (AI).
That figure is actually down from the prognosticator's former level of $600. This is due in no small part to management's raised capex guidance.
To keep technological innovation on a strong path, companies must implement workforce efficiency mindfully.
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The stock market absolutely, positively did not like Meta Platforms (NASDAQ: META ) first-quarter earnings report. Even though the social media platform beat analyst expectations on the top and bottom line as advertising revenue soared, Meta Platforms' stock tumbled 10%.
Meta, Google and others are driving a renaissance for voice assistants, but people have found the technology uncool for more than a decade.
DOVER, Del. — A Delaware judge on Tuesday dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social-media giant.
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.