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Is Meta’s (META) Stock Still Cheap After Its AI-Fueled Rally?
Insider Monkey1d agobullish
Is Meta’s (META) Stock Still Cheap After Its AI-Fueled Rally?

Meta Platforms, Inc. (NASDAQ:META) has galloped over the last few weeks, jumping almost 40% since the end of July. Meta has risen by more than 20% since the September 8 launch of its Muse AI assistant alone. The rally has pushed the company’s valuation close to the $2 trillion mark, raising an important question: Is […]

Will Vertiv Holdings (VRT)’s $1.45 Billion UIG Deal Accelerate its AI Infrastructure Growth?
Insider Monkey1d agoneutral
Will Vertiv Holdings (VRT)’s $1.45 Billion UIG Deal Accelerate its AI Infrastructure Growth?

On September 2, Vertiv Holdings Co (NYSE:VRT) agreed to acquire Utility Innovation Holdings, Inc. (operating as UtilityInnovation Group or UIG) for approximately $1.45 billion in cash at closing. The deal includes up to $1.15 billion in performance-based cash earnouts over 12- and 24-month periods tied to EBITDA targets. At the initial purchase price, the transaction […]

Investing.com1d agoneutral
Blue Origin raises $10B as Bezos’ total investment hits $32B - WSJ

Investing.com -- Jeff Bezos is doubling down on his ambitions in the space race. According to details reported by the Wall Street Journal, the Amazon founder has now poured a staggering $32 billion into Blue Origin since its founding in 2000, funding the venture through strategic sell-offs of his Amazon stock.

Videogame Stocks Fall After Meta Announces AI Game Tool. Don’t Be Spooked Yet.
Barrons.com1d agobearish
Videogame Stocks Fall After Meta Announces AI Game Tool. Don’t Be Spooked Yet.

Videogame stocks took a hit Thursday afternoon after Meta Platforms announced new artificial intelligence tools that can build mobile games. Gaming investors shouldn’t be concerned just yet. Meta announced during the second day of its Connect conference that it was launching two new tools—Horizon Create and Horizon Studio—that enable creators to turn ideas into complete 2-D and 3-D mobile games.