Latest news with #META
Business Insider
8 hours ago
- Business
- Business Insider
Meta's (META) Texas Solar Project Gets $900 Million Investment from Enbridge
Canadian energy infrastructure company Enbridge (ENB) is investing $900 million in a 600-megawatt solar project in Texas that's being led by technology giant Meta Platforms (META). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Calgary-based Enbridge says it is making the investment as demand for clean energy from technology companies drives the need for renewable sources of power. Meta has signed a long-term contract to purchase 100% of the project's renewable energy to help power its data center operations. Meta is one of many mega-cap technology firms that is investing heavily in renewable energy to power data centers and artificial intelligence (AI) models and applications. The 'Clear Fork' solar energy project, which is located near San Antonio, Texas, is expected to become operational by 2027. Rising Demand In a news release announcing the investment, Enbridge said: 'Clear Fork demonstrates the growing demand for renewable power across North America from blue-chip companies who are involved in technology and data center operations.' Construction on Clear Fork is underway, and Enbridge expects the project to be accretive to its cash flow and earnings once it comes online in 2027. ENB stock has gained 9% this year, while META stock has risen 21% so far in 2025. Is META Stock a Buy? average META price target of $746.07 implies 5.53% upside from current levels.
Business Insider
a day ago
- Business
- Business Insider
PLTR, TSLA, NVDA- Daniel Ives Expects ‘Very Strong 2Q Tech Earnings Season'
Wedbush Securities analyst Daniel Ives is highly optimistic about the technology sector's second quarter earnings season. He believes tech companies will report very strong Q2 results, driven by multiple artificial intelligence (AI) tailwinds. Ives mentioned that strong momentum in AI chips, AI software, and enterprise applications is already benefiting, and will continue to benefit tech stocks through the second half of 2025, with AI's impact still in its early stages. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Ives ranks #896 out of 9,889 analysts tracked on TipRanks. He has a 51% success rate and an average return per rating of 8.90%. The firm's 'Top Tech Picks' for the remainder of 2025 include Nvidia (NVDA), Microsoft (MSFT), Tesla (TSLA), Palantir (PLTR), and Meta (META). Ives Calls AI the 4 th Industrial Revolution Ives argues that AI is fundamentally reshaping the tech sector and that its benefits are just beginning to emerge. 'We have barely scratched the surface of this 4th Industrial Revolution,' he wrote in a research note, describing it as a golden era for technology. Over the next three years, enterprises and governments are expected to spend approximately $2 trillion on AI-related projects, he added. Additionally, Ives believes Wall Street is 'underestimating' the scale of future AI-driven growth, as AI use cases are rapidly expanding with increasing adoption. He added that AI is shifting from the testing phase to the consumption phase, which serves as a major catalyst for software companies. Furthermore, Ives anticipates a favorable policy environment, with ongoing geopolitical risks and tariff uncertainties expected to ease. He highlighted the White House's approval allowing Nvidia to resume its H20 AI chip sales to China as a 'key strategic positive.' Based on this, Ives expects the Trump administration to soften its stance on tariffs. Interestingly, Ives also explained that AI spending has a broad ripple effect across the sector, stating that for every $1 spent with Nvidia, an additional $8 to $10 is invested elsewhere in the tech ecosystem. Which Is the Best Tech Stock to Buy? We used the TipRanks Stock Comparison Tool to determine which stock among Ives' top picks is most favored by analysts. Investors should conduct thorough research before choosing to invest in any of these stocks. Currently, META, MSFT, and NVDA have earned Wall Street's Strong Buy consensus rating, with META offering the highest upside potential among them.
Yahoo
4 days ago
- Business
- Yahoo
Meta Platforms (META): Wedgewood Partners' Leading Contributor to Performance
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Meta Platforms, Inc. (NASDAQ:META). Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. The one-month return of Meta Platforms, Inc. (NASDAQ:META) was 2.79%, and its shares gained 47.11% of their value over the last 52 weeks. On July 17, 2025, Meta Platforms, Inc. (NASDAQ:META) stock closed at $701.41 per share, with a market capitalization of $1.764 trillion. Wedgewood Partners stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its second quarter 2025 investor letter: "Meta Platforms, Inc. (NASDAQ:META) was once again a leading contributor to performance for the quarter – and our best portfolio performer since the panic-selling lows in the stock back in September of 2022. Revenue grew +16% despite ad-spending headwinds related to trade protectionism, and operating margins expanded thanks to continued investments in automation, driving a stellar +37% growth in earnings per share. The Company has been a consistent beneficiary of artificial intelligence (AI) over the past several years, investing aggressively in deep learning recommendation systems that help power it's products which reach nearly half the population of the planet. Meta's AI investments, combined with its massive scale, allow the Company to quickly spin up new products across its digital advertising real estate to reinforce its competitive positioning. Meta's core Family of Apps products are backed by extremely large and complex (i.e. difficult to copy) AI recommendation systems that have to sort through billions of datapoints in real time and come up with the probability of a user clicking on something. Meta is one of the few companies that has been able to consistently and, most critically, profitably monetize AI technologies for shareholders, and we continue to hold the stock as a top position in portfolios." Meta Platforms, Inc. (NASDAQ:META) is in third position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 273 hedge fund portfolios held Meta Platforms, Inc. (NASDAQ:META) at the end of the first quarter, which was 262 in the previous quarter. In Q1 2025, Meta Platforms, Inc. (NASDAQ:META) reported revenue of $42.3 billion, up 16% from Q1 2024. While we acknowledge the potential of IQV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Meta Platforms, Inc. (NASDAQ:META) and shared the list of stocks Jim Cramer weighed in. In its Q2 2025 investor letter, Rowan Street Capital highlighted Meta Platforms, Inc.'s (NASDAQ:META) role in boosting its long-term performance. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Cantor Fitzgerald Lifts Meta to $828 Price Target on AI Talent, Ad Gains
Meta Platforms, Inc. (NASDAQ:) is one of the . On July 16, Cantor Fitzgerald raised its price target on the stock to $828.00 from $807.00, while maintaining an 'Overweight' rating. The firm raised its FY26E EPS estimates by 3% and reiterated its Overweight rating / Top pick. Earnings Preview: 'We expect META to report 2Q25E results with a decent upside to consensus on revenues and EPS driven by outperformance in the core ads business as tariff-driven uncertainties moderated in May/June. The company's 3Q25E revenue guide should indicate stable y/y growth with little deceleration (around $47.5/$48B at the high-end). On FY outlook, META is likely to reiterate its opex guidance, but recent investments in AI talent (CFe ~$500M–$1B in incremental annual opex) move the target above the low end. Our checks with digital ad agencies and performance marketers in June/early July indicated healthy ad spend and share gains by META in 2Q, including a modest acceleration from April trends (adjusted for Easter). While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
‘Today's AI Frenzy Is Worse than 1999's Dot-Com Bubble,' Says Economist
A top economist from Wall Street is warning that AI stock prices may be becoming too high, much like during the dot-com bubble in the late 1990s. Torsten Sløk, chief economist at Apollo Global Management (APO), said on Yahoo Finance's Opening Bid that while AI will likely transform many industries, that doesn't mean investors should buy tech stocks at any price. In a recent note, Sløk shared data showing that the price-to-earnings ratios of the 10 largest companies in the S&P 500—many of which are AI leaders, such as Nvidia (NVDA) and Meta (META) —have now surpassed the extreme levels seen in 1999. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Sløk explained that this is creating a risky situation where a large part of the market depends on just a few tech giants. He noted that the 10 largest companies now make up almost 40% of the entire S&P 500 (SPY) index. This means that if someone buys the index, thinking they're investing in 500 companies, they're actually heavily exposed to just a few names, especially those tied to AI. Sløk added that the current stock prices of these mega-cap tech companies may not be sustainable since too much of the recent market rally is being driven by excitement and momentum rather than solid fundamentals. Interestingly, analysts at BTIG have similar worries, as they describe the market's sentiment as 'frothy.' Indeed, they pointed to the BUZZ NextGen AI Sentiment Index, which tracks popular AI stocks among retail investors. That index has jumped 45% over the past 16 weeks and is now 29% above its 200-day average. It is worth noting that these levels have not been seen since early 2021, right before speculative tech stocks began to fall. Because of this, BTIG suggested that investors think about shifting to safer areas like utilities or even Chinese tech stocks. Which AI Stock Is the Better Buy? Turning to Wall Street, out of the two stocks mentioned above, analysts think that NVDA stock has more room to run than META, but just barely. In fact, both stocks have almost 6% upside potential from current levels.
