Direxion Daily Meta Bull 2x Shares(METU.US)

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Meta appoints AI "big steward": former Trump advisor named president, Zuckerberg assembles executive team to oversee data center investments

Powell McCormick is referred to as "one of Wall Street's most senior female executives," and she will focus on Meta's collaboration with governments and sovereign entities on AI projects. Zuckerberg has promoted two executives, Santosh Janardhan and Daniel Gross, to lead a senior organization called Meta Compute, and they will work with McCormick to build and deploy Meta's infrastructure and related investments and financing. Trump called the appointment of McCormick "an excellent choice."

Wallstreetcn·
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META
-0.09%
Wallstreetcn·
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META
-0.09%

Meta appoints former Trump advisor as president to expand AI infrastructure with "Meta Compute"

Meta CEO Mark Zuckerberg announced the establishment of the "Meta Compute" plan, aimed at expanding AI infrastructure. To this end, Meta appointed former Trump advisor Dina Powell McCormick as President and Vice Chair, responsible for collaborating with government and investors. The plan is to build tens of gigawatts of computing infrastructure over the next decade, with the ultimate goal of providing personal super AI to billions of people worldwide. Dina will report directly to Zuckerberg and oversee the overall strategy. Trump also congratulated Dina on her appointment

Stheadline·
US
META
-0.09%
Stheadline·
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META
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Meta Unveils 'Meta Compute' Initiative, Pledging Massive AI Data Center Buildout And Nuclear Power Deals In Push For Superintelligence

Meta Platforms Inc. is launching a new AI infrastructure group called Meta Compute, led by Santosh Janardhan and Daniel Gross, to enhance investments in data centers and energy supplies for advanced AI. The initiative aims to build significant computing capacity, with plans to secure long-term power through nuclear energy agreements. Meta is also restructuring its workforce, cutting over 10% of its Reality Labs team to focus on AI, while increasing capital spending to over $70 billion by 2025. CEO Mark Zuckerberg emphasizes the pursuit of superintelligence capabilities.

benzinga_article·
US
META
-0.09%
benzinga_article·
US
META
-0.09%

Meta Signs Nuclear Energy Deals To Power AI Supercluster

Meta has signed landmark agreements with energy leaders to power its operations through nuclear energy, enhancing the reliability of the electric grid and supporting job growth in American communities. This makes Meta one of the largest corporate purchasers of nuclear energy in U.S. history. Meanwhile, AI startup xAI, founded by Elon Musk, reported a net loss of $1.46 billion for the September quarter, indicating significant cash burn. Additionally, Wells Fargo has lowered CoreWeave's price target but maintains an Overweight rating, emphasizing the importance of AI in future performance.

Talkmarkets·
US
META
-0.09%
Talkmarkets·
US
META
-0.09%

US Stock Market Close | S&P 500 Index Hits New High, Auto Retailers Lead the Way

U.S. stocks closed with the overall market continuing its strong performance, with all three major indices advancing together. The Dow Jones Industrial Average and the S&P 500 Index reached new historical highs, with the automotive retailers and engineering machinery sectors performing prominently, as AutoZone and Caterpillar rose by 2.98% and 1.97%, respectively. The Federal Reserve kept interest rates unchanged, and macroeconomic indicators show strong economic resilience, but caution is needed regarding potential volatility risks in the future

Market Heartbeat·
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GOOGL
-0.84%
US
META
-0.09%
Market Heartbeat·
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GOOGL
-0.84%
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META
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$Meta Platforms(META.US) $Direxion Daily Meta Bull 2x Shares(METU.US) over 21ma daily. Trade working. after 4 up days and a couple of gap ups may need some basing.

Source: Sunrise Trader

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