Latest news with #MetaPlatformsInc
Yahoo
2 days ago
- Business
- Yahoo
Analyst Says Meta Platforms (META) Should Be ‘Core Portion' of Your Portfolio
Jeffrey Small from Arbor Financial recently said during a program on Schwab Network that Meta Platforms should be a key part of investors' portfolios. Here is how he explained his bull case for the social media giant: "I like Meta Platforms Inc (NASDAQ:META) for the same storyline of their fundamentals. Their fundamentals are very strong. Three and a half billion people on the planet. They're incorporating AI in all of their platforms. They're mastering that. They're going to monetize that. And I think you've got to make that a core portion of your portfolio going forward because of the fundamental side of the picture. And so that's really what draws me to them besides the fact that they are really slightly underpriced compared to most of the MAG 7 stocks." Photo by Timothy Hales Bennett on Unsplash Meta Platforms Inc (NASDAQ:META) biggest strength remains its huge user base, which continues to grow despite record levels. The company has 3.43 billion monthly active users as of March, up 6% year over year. This equals about half of the world's total population, giving the company immense power for monetization and data processing. The company also raised its capex guide for the year from $60-$65 billion to $64-$72 billion, crushing concerns about an AI and data center slowdown. Another overlooked element in Meta Platforms Inc (NASDAQ:META) business is its ads growth. The company, which depends on advertising for 98% of its revenue, is growing at a rate of 21% YoY. In comparison, Google Search grew by 9%, while Alphabet's overall business, including Cloud and Services, expanded by 12%. Even YouTube's year-on-year growth stands at 11%, well below Meta Platforms Inc (NASDAQ:META) rate. Given Meta Platforms Inc (NASDAQ:META) current growth, Wall Street's estimates of 21% EBIT growth and 18% OCF growth seem conservative compared to the tailwinds the company is benefiting from right now. Nightview Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter: 'Core Opportunity: Meta Platforms, Inc.'s (NASDAQ:META) platforms—Instagram, Facebook, WhatsApp, and Messenger—reach nearly half the world's population daily, making it one of the most powerful advertising ecosystems globally. With investments in AI and augmented reality (AR), we believe Meta is also creating significant optionality for long-term growth. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Economic Times
2 days ago
- Business
- Economic Times
Meta's push into defense tech reflects cultural shift, CTO says
Meta Platforms Inc. Chief Technology Officer Andrew Bosworth said that the 'tides have turned' in Silicon Valley and made it more palatable for the tech industry to support the US military's efforts. There's long existed a 'silent majority' who wanted to pursue defence projects, Bosworth said during an interview at the Bloomberg Tech summit in San Francisco on Wednesday. 'There's a much stronger patriotic underpinning than I think people give Silicon Valley credit for,' he said. Silicon Valley was founded on military development and 'there's really a long history here that we are kind of hoping to return to, but it is not even day one,' Bosworth added. Meta announced a new partnership with defence contractor Anduril Industries Inc. last week to develop products for the US military, including an artificial intelligence-powered helmet with virtual and augmented reality features. Bosworth described Silicon Valley's new openness to work with the US military as a 'return to grace.' Bosworth is one of the company's most visible leaders. After serving in various engineering-focused roles over the last two decades, he now oversees the social media giant's Reality Labs unit. His team is focused on virtual and augmented reality devices, including its Ray-Ban Meta glasses and Quest VR headsets. 'History has its eyes on us,' Bosworth said, noting that he expects this year to be particularly consequential for his team. 'Do people adopt the technology or do they not?' he asked of the Reality Labs' products, suggesting that the market will determine their success.
The Mainichi
3 days ago
- Business
- The Mainichi
Nikkei snaps 3-day losses as chip shares sought on firm AI demand
TOKYO (Kyodo) -- Tokyo stocks rose Wednesday with the Nikkei index snapping a three-day losing streak, as semiconductor-related shares were sought on expectations for continued growth in demand for artificial intelligence. The 225-issue Nikkei Stock Average ended up 300.64 points, or 0.80 percent, from Tuesday at 37,747.45. The broader Topix index finished 14.02 points, or 0.51 percent, higher at 2,785.13. On the top-tier Prime Market, gainers were led by pulp and paper, oil and coal product and securities house issues. In the foreign exchange market, the U.S. dollar briefly strengthened to the lower 144 yen range in Tokyo, lifted by receding concern over a U.S. economic slowdown following stronger-than-expected job openings data, dealers said. Heavyweight chip shares tracked overnight gains by their U.S. counterparts after U.S. technology giant Meta Platforms Inc. announced it signed a deal to secure electricity from a nuclear plant to meet growing power demand from AI and data centers, brokers said. "Firm AI demand is one of the factors needed for a stock market recovery, and hopes for a reviewing of U.S. export curbs on chips to China would grow if tensions between the two largest economies recede," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co. "The outlook for U.S.-China relations is a significant factor for semiconductors," Ichikawa added. The yen's depreciation also helped lift some export-oriented auto and machinery issues as the weaker yen increases exporters' overseas profits when repatriated. Market sentiment was supported by hopes for progress in U.S.-China tariff negotiations with the two leaders expected to talk soon, while the doubling of U.S. tariffs on steel and aluminum imports to 50 percent, which took effect Wednesday, had little impact on the market, brokers said.
The Mainichi
3 days ago
- Business
- The Mainichi
Tokyo stocks climb in morning on strong chip shares
TOKYO (Kyodo) -- Tokyo stocks climbed Wednesday morning, lifted by semiconductor-related shares after advances by their U.S. counterparts overnight on the back of robust demand for artificial intelligence. The 225-issue Nikkei Stock Average rose 387.85 points, or 1.04 percent, from Tuesday to 37,834.66. The broader Topix index was up 20.09 points, or 0.72 percent, at 2,791.20. The U.S. dollar briefly strengthened to the lower 144 yen range in Tokyo, lifted by receding concern over a U.S. economic slowdown following stronger-than-expected job openings data, dealers said. At noon, the dollar fetched 143.92-93 yen compared with 143.91-144.01 yen in New York and 142.82-84 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at $1.1374-1378 and 163.69-76 yen against $1.1366-1376 and 163.68-78 yen in New York and $1.1415-1416 and 163.03-07 yen in Tokyo late Tuesday afternoon. On the stock market, heavyweight chip issues attracted buying after U.S. technology giant Meta Platforms Inc. said it signed a deal to secure electricity from a nuclear plant to meet the growing need for AI and data centers, brokers said. Shares were also boosted by auto shares climbing on the yen's depreciation, which increases exporters' overseas profits when repatriated, as well as hopes for progress in U.S.-China tariff negotiations.
Yahoo
3 days ago
- Business
- Yahoo
Uranium ETFs Surge on New Meta, Constellation AI Deal
Uranium and nuclear ETFs jumped after Meta Platforms Inc. (META) agreed to buy nuclear power for 20 years from a Constellation Energy Corp. (CEG) reactor in Illinois that had been slated to close, as soaring artificial intelligence use forces companies to find fresh electricity supply. The biggest U.S. uranium exchange-traded fund, the $3.2 billion Global X Uranium ETF (URA), added 3% in early afternoon trading. The $255.2 million Range Nuclear Renaissance Index ETF (NUKZ), with its top holding being a 9.3% allocation to Constellation, added 0.9%. Today's gains add to this year's surge in uranium and nuclear exchange-traded funds, which have been jumping on AI-stoked energy demand and as President Donald Trump takes steps to dismantle nuclear power industry regulations. URA's 19% gain this year beats the 1.4% increase in the Vanguard S&P 500 ETF (VOO). URA had jumped 12% on May 23 after Trump signed an executive order making approvals for new reactors easier as well as opening federal lands to nuclear power plant construction and providing for more robust uranium supply lines. Trump, in his first day in office, declared an energy emergency. The Meta pact follows a similar agreement Microsoft Corp. (MSFT) signed with Constellation this past autumn that would restart the Three Mile Island reactor, as Microsoft's artificial intelligence ambitions consume massive amounts of electricity. 'Securing clean, reliable energy is necessary to continue advancing our AI ambitions,' Meta's head of global energy Urvi Parekh said in a statement regarding the pact to buy energy from the Clinton Clean Energy Center. Uranium & Nuclear ETF Gains—Source: Factset AI inquiries on tools like ChatGPT use more energy than traditional search, forcing companies to scour the globe for new energy sources. The International Energy Agency last year said that by 2026, the AI industry will be using 10 times the amount of energy it used in 2023. Other uranium ETFs jumping today include a 5.3% gain in the second-largest uranium ETF, the $1.5 billion Sprott Uranium Miners ETF (URNM), a 7.4% jump in the Sprott Junior Uranium Miners ETF (URNJ) and 2.3% rise in the VanEck Uranium+Nuclear Energy ETF (NLR). Permalink | © Copyright 2025 All rights reserved
