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3 min read
Meta Stock Soars on AI Hopes Despite Capital Expenditure Concerns
Meta Stock Soars on AI Hopes Despite Capital Expenditure Concerns Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, experienced a significant surge in its stock price despite concerns over its capital expenditure. The company's AI-focused initiatives have generated invest...
2 min read
AMD Stock Skyrockets 30 as OpenAI Looks to Take Stake in AI Chipmaker
The chipmaker's shares skyrocketed 30% after OpenAI announced a deal to take a 10% stake in AMD, deploying up to 6 gigawatts of AMD's Instinct GPUs over multiple years. The partnership, described by OpenAI President Greg Brockman as 'core to our mission,' aims to scale the enterprise and sovereign A...