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META News30 articles
Snap Faces Potential Australian Fine Equivalent to 24% of Q1 Free Cash Flow
Snap (SNAP) could be fined up to A$99 million by Australian regulators, a penalty that would consume nearly a quarter of its Q1 free cash flow.
Oracle Stock Falls Amid Cash Flow Concerns Despite $638B Backlog
Oracle shares fell 0.52% on Monday, underperforming tech peers, as investors question the timing of revenue from its massive $638B backlog.
AI Stock Divergence in June: Memory and Power Plays Diverge
June saw a clear divide in AI stocks: suppliers with solid orders versus high-multiple spenders. Key players reported strong revenue, while hyperscalers raised debt to fund buildouts.
Corning Surges 15% on AI Fiber Deals, Tops All Analyst Targets
Corning shares jumped 15% after AI fiber deals with Amazon and Meta, pushing the stock above all analyst targets and adding $29 billion in market cap.
Roblox Surges 14% as Arete Initiates Bullish Coverage with $95 Target
Roblox shares surged 14% after Arete Research upgraded the stock to Buy, setting a $95 target that values the company at $67.6 billion, driven by its older-user market.
Snap Shares Dip as User Valuation Trails Rivals; Australia Regulatory Pressure Mounts
Snap shares declined Monday amid valuation concerns and fresh regulatory risks from Australia. The company's market cap per user lags behind rivals like Pinterest and Meta.
Broadcom AI Revenue Surpasses Half of Forecast, Yet Shares Struggle in June
Broadcom's AI chip revenue is set to make up 54% of fiscal Q3 revenue, yet shares have fallen 20% in June due to margin worries.
Alphabet Enters Dow Jones, But AI Spending Remains the Key Driver
Alphabet's entry into the Dow Jones Industrial Average triggers $1.7 billion in ETF flows, but analysts emphasize that AI spending is the primary market mover.
Microsoft's AI Spending Strategy Under Scrutiny as Stock Rebounds
Microsoft shares surged 5.7% in premarket trading, adding $149 billion in market value, as the market weighs the implications of AI spending that outpaced free cash flow.
Micron's Record Quarter and Apple Price Hikes Test AI Stock Resilience
Micron's record quarter and Apple's price hikes highlight the memory squeeze in AI, with a shortened trading week and payrolls data adding pressure.
Micron's $100B Contract Backlog Faces Market Skepticism Amid Chip Rout
Micron Technology (NASDAQ:MU) dropped 6.69% to $1,132.33 as the market questions whether its $100 billion in minimum contracted revenue can justify its low 9.1x earnings multiple.
Alphabet's AI Ambitions Tested by Gemini Supply Constraints and Antitrust Pressure
Alphabet grapples with Gemini AI supply constraints after demand from Meta and others outstrips capacity, while Chrome's 70% browser share underpins ad revenue and antitrust risks.
Dow Jones Drops Below 52,000 After Late Selloff, Tech Weakness Offsets Industrial Gains
The Dow slipped below 52,000 after hitting a 52-week high, with a 735-point swing from peak to close. Caterpillar's surge masked Apple's drop.
AI Trade Splits: Micron Surges, Apple Slumps as Chip Costs Bite
Micron soared 15.7% on $22B in customer pledges, but Apple fell 6.1% as rising memory costs pressure device makers, highlighting a split in the AI trade.
Amazon Plunges $67B on EU Cloud Crackdown, Overshadowing Prime Day
Amazon shares dropped 2.6%, erasing $67 billion in market cap, as EU regulators moved to classify AWS under tough Digital Markets Act gatekeeper rules.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
Market Rotates: Big Tech Loses $416B as Dow, Small Caps Rally
Broad market gains offset a $416 billion drop in megacap tech, as investors rotated into Dow and small-cap stocks. Micron jumped 10.4% on earnings beat.
Nebius Faces Power Delivery Test at Vineland Site
Nebius (NBIS) launched AI Cloud 3.6 but investors focus on converting contracted power to live AI at Vineland, crucial for its $17.4B Microsoft deal. Stock trades at 9.91x book after 455.9% annual gain.
Corning Stock Gains Despite Flat Dividend as AI Fiber Demand Fuels Growth Bets
Corning shares jumped 6.1% to $205.83, driven by AI fiber demand, as the company held its dividend flat at $0.28 per share, yielding only 0.54%.
Micron's Record Revenue Propels Nasdaq Futures Higher Ahead of PCE Data
Nasdaq 100 futures rise 2.15% driven by Micron's strong earnings and AI chip demand. Markets eye PCE data and Q1 GDP for further direction.
Micron and Qualcomm Surge After Hours, Sparking $400 Billion Chip Rally
Micron (MU) soared 16% after hours on $100 billion in customer commitments; Qualcomm (QCOM) jumped 13% on a $15 billion data-center target, fueling a $400 billion chip rally.
AMD Shares Flat Despite UBS $1.1 Trillion Target as AI Competition Intensifies
UBS set a $670 price target on AMD, implying a $1.1 trillion valuation, but shares closed nearly flat amid Qualcomm's AI chip push and tech sector weakness.
Nebius Group Slips Amid Capex Concerns Despite Nasdaq-100 Inclusion
Nebius fell 5.66% on its third day in the Nasdaq-100, as heavy capex and a delayed Meta contract weighed on sentiment. The stock rebounded 5.14% after hours.
Qualcomm Targets $15B Data Center Revenue, Shares Surge 12%
Qualcomm shares surged over 12% after hours after setting a $15 billion fiscal 2029 data center revenue target, with Microsoft and Meta adopting its new AI chips.
Snap's AR Bet Nears Half Its Market Value as Meta Competes
Snap has invested over $3.5 billion in Specs AR glasses, nearly half its $7.5 billion market value, as Meta launches cheaper $299 AI glasses and SNAP stock slides 12% since the June 16 launch.
Trump Administration Unveils $17.5B Nuclear Loan Plan to Power AI Boom
The Trump administration announced $17.5 billion in conditional loans to accelerate orders for 10 Westinghouse AP1000 nuclear reactors, aiming to meet surging U.S. electricity demand from AI and data centers.
Snap Stock Drops on Pricy AR Glasses as Meta Unveils $299 Rival
Snap shares dropped 3.8% after unveiling $2,195 AR glasses, facing price pushback as Meta launched $299 AI glasses. Investors are wary of Snap's costly hardware push.
Tech Stocks Shed Over $1 Trillion as AI Rally Unravels
Nasdaq 100 futures tumbled nearly 3% as AI-linked tech stocks erased over $1 trillion in market value. SpaceX dropped below $2 trillion, while South Korea's KOSPI fell 9.99%.
Microsoft Gains Premarket on Chevron Power Deal, AI Spending Concerns Linger
Microsoft shares gained 1.1% in premarket trading after announcing a 20-year Chevron power deal for a Texas AI data center, but broader tech selloff and AI spending concerns persist.
Netflix Hits 52-Week Low as Meta Expands TV Reach; Analysts Question 2027 Outlook
Netflix shares dropped to a 52-week low as subscriber churn and Meta's TV expansion weigh. Analysts warn 2027 forecasts leave little room for upside.