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Meta's metaverse reversal nods to tech's new mantra: AI or the highway

Meta's metaverse reversal nods to tech's new mantra: AI or the highway

businessinsider·
US
META
+1.56%
businessinsider·
US
META
+1.56%

Meta Platforms To Pullback Spending On The ‘Metaverse’

Meta Platforms plans to cut spending on its metaverse unit by up to 30%, leading to a 3% stock gain. The company, which rebranded in 2021 to focus on virtual reality, faces investor concerns over high A.I. spending. The cuts may include layoffs by 2026. Meta's Reality Labs reported a $4.4 billion loss last quarter, with cumulative losses of $70 billion since 2020. META stock is up 10% this year, trading at $661.53 per share.

Baystreet·
US
META
+1.56%
Baystreet·
US
META
+1.56%

ANALYSIS-Europe forges ahead with Big Tech crackdown with X fine, defying Trump

Europe is intensifying its crackdown on Big Tech, imposing a 120 million euro fine on Elon Musk's X for breaching EU online content rules, following a 3 billion euro fine on Google. The EU's actions defy U.S. President Trump's administration, which has linked trade tariffs to EU digital regulations. EU antitrust chief Teresa Ribera defends the EU's stance, emphasizing the importance of fair digital markets. Despite U.S. pressure, the EU continues investigations into Meta, showcasing its commitment to enforcing digital laws.

Reuters·
US
META
+1.56%
US
GOOGL
+1.11%
US
GOOG
+1.12%
Reuters·
US
META
+1.56%
US
GOOGL
+1.11%
US
GOOG
+1.12%

How Google could follow Nvidia to become the next $5 trillion company

Analyst Jeffrey Wlodarczak predicts Google could become a $5 trillion company, rivaling Nvidia, by capturing market share with its AI and custom silicon business. He raised Google's price target to $400, citing its strong AI positioning and semiconductor advancements. Google's TPU business and AI applications are expected to drive cloud computing growth and revenue. Wlodarczak foresees Google as a dominant player, even amid potential AI market corrections, with its Gemini gaining share from ChatGPT.

Dow Jones·
US
GOOGL
+1.11%
US
GOOG
+1.12%
US
GGLS
-0.89%
Dow Jones·
US
GOOGL
+1.11%
US
GOOG
+1.12%
US
GGLS
-0.89%

How to buy NVIDIA stock: Invest in NVDA shares (Young and the Invested)

The article provides a guide for beginners on how to buy NVIDIA Corporation (NVDA) stock, which is traded on the NASDAQ exchange. It outlines the standard process for purchasing publicly traded stock and emphasizes that the content is for educational purposes only, advising viewers to consult a financial professional for personalized advice.

MSN·
DE
NVD
0.00%
US
NVDA
-0.38%
MSN·
DE
NVD
0.00%
US
NVDA
-0.38%
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