'Magnificent 7' stock Meta Platforms Inc (NASDAQ:META) is up 2.4% to trade at $627.94 this morning.
J.P. Morgan projects cost savings in the range of $5 billion to $6 billion annually if Meta were to cut 20% of its workforce.
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Meta has formed a $27 billion infrastructure agreement with AI cloud company Nebius. Under the agreement, Nebius will — starting early next year — provide $12 billion of dedicated capacity acros
Meta Platforms may be prepared to shrink its workforce by up to 20% in a sign that artificial-intelligence productivity gains are finally materializing.

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Stock futures are pointing higher Monday ahead of a busy week that includes a Federal Reserve decision on interest rates, as investors monitor developments in the Iran war; crude oil futures are sligh
I initiated a small position in Meta as its valuation, with a forward P/E of 20.2x, is compelling after the recent pullback. META's robust revenue growth (~20% YoY) and expanding monetizable space und
Some countries are making alleged deals with Iran as some ships make their way through the Strait of Hormuz, says Kevin Green. He talks about crude oil's pressure to the downside to start the trading
Meta maintains a buy rating with a price target raised to $935.68, implying 47% upside despite recent stock weakness. AI-driven ad optimization continues to drive strong revenue and engagement, but Re
Meta Platforms shares rose 3% on Monday following a Reuters report that the ​social media giant plans to lay off 20% or more of its workforce to offset heavy spending ‌on artificial intelligence a
The agreement could reach a total contract value of up to $27 billion, significantly expanding the companies' collaboration in AI cloud computing.
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Meta has inked a deal to spend up to $27 billion on AI infrastructure provided by Dutch company Nebius. The deal includes $12 billion of dedicated capacity and up to $15 billion of additional availabl
Nebius agreed to a five-year deal worth about $27 billion to supply artificial-infrastructure infrastructure capacity to Meta.
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