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Meta layoffs take disturbing turn in new lawsuit
TheStreet74d agobearish
Meta layoffs take disturbing turn in new lawsuit

There’s no sugarcoating it; getting laid off is awful. But if you've been following the news, it feels like tech workers are being laid off left and right. Here’s what one Reddit user, who was recently laid off from an account executive role at a tech company, had to say on the r/Layoffs subreddit: ...

Jim Cramer Sticks With His Big Prediction About Meta Platforms Inc. (META)
Insider Monkey74d agoneutral
Jim Cramer Sticks With His Big Prediction About Meta Platforms Inc. (META)

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. Meta Platforms Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer. Jim Cramer has stuck with social media giant Meta Platforms Inc. (NASDAQ:META) despite the weakness in the firm’s share price. A considerable amount of debate in […]

Jim Cramer Compares Micron Technology, Inc. (MU) & Facebook-parent Meta
Insider Monkey74d agoneutral
Jim Cramer Compares Micron Technology, Inc. (MU) & Facebook-parent Meta

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks discussed by Jim Cramer. Micron Technology, Inc. (NASDAQ:MU) has shaped up to be one of the hottest stocks and firms in today’s era. While few would have thought that the […]

TYLSemi raises $43 million to create building blocks of custom AI chips
Reuters74d agoneutral
TYLSemi raises $43 million to create building blocks of custom AI chips

TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on ‌Tuesday said it has raised $43 million in early ‌funding to help companies build their own AI chips. The market for such AI ​chips is booming, with major companies such as Meta Platforms working with Broadcom and others to develop custom semiconductors. Broadcom and its rival Marvell Technology both have proprietary technology for making chips ‌talk to each ⁠other at high speed, and the only way to access that technology is to work with ⁠them to develop a custom chip.

Most Stocks in the S&P 500 Are Actually Trading Lower
Barrons.com74d agoneutral
Most Stocks in the S&P 500 Are Actually Trading Lower

Today’s S&P 500 gains wouldn’t suggest it, but most of the index’s components are actually in the red. The S&P 500 is up 0.4% while the Equal Weight S&P 500 is moving in the other direction, down 0.3%. Nearly two-thirds of names in the S&P 500 were down despite session gains, signaling that stocks on the rise are doing the heavy lifting, offsetting the larger group of laggards and then some.

Blue Owl Capital (OWL) Ties Into Meta’s $50 Billion Hyperion Expansion
Simply Wall St.74d agoneutral
Blue Owl Capital (OWL) Ties Into Meta’s $50 Billion Hyperion Expansion

Meta is expanding its Hyperion data center project in Louisiana to more than $50b of planned investment. Blue Owl Capital (NYSE:OWL) is involved in the project through a joint venture focused on digital and AI infrastructure. The scale of Hyperion highlights the growing role of private capital in funding large U.S. data center and connectivity projects. Blue Owl Capital is stepping into a much bigger spotlight as Meta’s Hyperion data center project in Louisiana scales to a planned...

Bank of America Maintains Buy Rating on Meta Platforms (META) Stock
Insider Monkey74d agobullish
Bank of America Maintains Buy Rating on Meta Platforms (META) Stock

Meta Platforms, Inc. (NASDAQ:META) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 2, Bank of America analyst Justin Post maintained a “Buy” rating on the company’s stock with a price objective of $835. As per the analyst, creating a business that is focused on cloud services or AI infrastructure can […]

Is Meta's recent rally sustainable?
Yahoo Finance Video74d agobullishVIDEO
Is Meta's recent rally sustainable?

Meta Platforms (META) stock has finally crossed back above its 200-day moving average, consecutively in its last two sessions. Sevens Report Research founder Tom Essaye chats with Yahoo Finance Executive Editor Brian Sozzi about Meta's latest stock moves and what that may signal about its sustainability.