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Meta opens a new frontier in AI race. Why it’s a warning for Apple.

Hassett eyed as Trump’s next Fed chair, Comcast’s cable spinoff could be valued at $10 billion, Hovnanian earnings sank the sector, more news to start your day.

MSN·
US
META
+3.43%
MSN·
US
META
+3.43%

EU fines X $140 million for violating landmark digital service rules

The EU fined Elon Musk's X €120 million for violating the Digital Services Act, marking the first penalty under this law. The fine addresses deceptive practices like the blue checkmark system and lack of transparency in ads. X can appeal or settle by complying with DSA rules. The investigation into X's moderation and disinformation practices continues, with potential further penalties.

The Verge·
US
TSLA
+1.74%
The Verge·
US
TSLA
+1.74%

Trump Meets Nvidia's CEO -- Is a New AI Trade War Flashpoint Brewing?

U.S. President Trump met with Nvidia CEO Jensen Huang, discussing AI trade and export controls. Regulators are considering Nvidia's ability to sell H200 chips to China. Huang expressed concerns about U.S. regulations slowing AI progress and opposed a bill requiring domestic chip sales before exporting. At a CSIS event, Huang downplayed smuggling concerns, emphasizing the logistical challenges of transporting GPUs. The meeting highlights potential regulatory impacts on Nvidia's global growth.

GuruFocus·
US
NVDA
+2.12%
US
NVDL
+4.15%
HK
07788
+4.41%
GuruFocus·
US
NVDA
+2.12%
US
NVDL
+4.15%
HK
07788
+4.41%

Meta Platforms (NASDAQ:META) Upgraded by Arete Research to Strong-Buy Rating

Arete Research upgraded Meta Platforms (NASDAQ:META) from a "hold" to a "strong-buy" rating. Other analysts have also adjusted their price targets, with Rosenblatt Securities increasing theirs to $1,117.00 and Bank of America lowering theirs to $810.00. Meta's stock opened at $661.53, with a market cap of $1.67 trillion. Recent earnings exceeded expectations, and insider trading activity was noted. Institutional investors have been adjusting their positions in the company.

Market Beat·
US
META
+3.43%
Market Beat·
US
META
+3.43%

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Friday; SoFi Technologies, Oklo to Decline

Wallstreetbets stocks showed mixed pre-market performance on Friday. AST SpaceMobile, Nvidia, Meta Platforms, Amazon, and Tesla saw slight increases, while SoFi Technologies, Oklo, and UiPath experienced declines. AST SpaceMobile rose 1.1%, Nvidia 0.6%, Meta 0.5%, Amazon 0.3%, and Tesla 0.1%. In contrast, SoFi Technologies fell 7.1%, Oklo 5.4%, and UiPath 1.3%.

fidelity·
US
SOFI
+1.82%
US
META
+3.43%
US
ASTS
+18.25%
fidelity·
US
SOFI
+1.82%
US
META
+3.43%
US
ASTS
+18.25%
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