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META Nov 2024 690.000 call
| Previous close | 3.7200 |
| Open | 3.7200 |
| Bid | 6.0000 |
| Ask | 6.2000 |
| Strike | 690.00 |
| Expiry date | 2024-11-15 |
| Day's range | 3.7200 - 3.7200 |
| Contract range | N/A |
| Volume | |
| Open interest | 54 |
- Yahoo Finance Video
The tech giants to benefit from AI bullishness: Strategist
Chip company Arm Holdings' (ARM) disappointing 2025 forecast could be signaling slowdowns in AI demands. Big Tech companies like Meta (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) have all announced major investments in building out their AI infrastructures. While the plans show confidence in the future, will they actually pay off? Bokeh Capital Partners Founder and Chief Investment Officer Kimberly Forrest joins Morning Brief to give insight into the AI sector and discuss which companies are in the best position to actually benefit from AI investments. When asked about when investors will see real payoffs from these big investments from AI, Forrest says: "Building out the data center is part of it, then you're going to have companies like Meta, Microsoft, and Amazon (AMZN), and everybody else is going to pile in and start using the generative AI to maybe increase productivity... And I would look for who do you think is most likely to benefit from using generative AI. And we've just mentioned them, right? Amazon, Meta, and Microsoft, and to me Microsoft is really probably [in] the best position because they'll get people to actually pay for it, not just advertising dollars." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
It's time to be 'selective' with Big Tech: Nuveen CIO
Several 'Magnificent Seven' names have announced major investments in AI technology after reporting strong earnings. Yahoo Finance Anchors Brian Sozzi and Akiko Fujita are joined by Nuveen CIO Saira Malik at the Annual Milken Global Institute Conference to discuss whether there has been an overallocation in Big Tech names, leading to possible underperformance. "I think it's the year of being selective, and you saw that last week with Meta (META), which actually put up a good quarter with 27% revenue growth. But the whisper numbers were for 30% revenue growth. Stock goes down because it's over over-owned. Now you look at Apple (AAPL), where if you look at the fundamentals of the quarter, it's more about the next iPhone cycle seasonality, trade. But the stock was under-owned. So Apple goes up. So I think that crowding in these tech stocks is important for these stocks," Malik tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
ReutersMeta's oversight board backs takedown of Australian voter fraud posts
Meta's oversight board upheld a decision to remove two Facebook posts calling for Australians to vote multiple times in an indigenous rights referendum, but noted the social media giant had not adequately explained its ban on encouraging voter fraud. The board, which is funded by Meta but run independently, said Meta was correct to protect the democratic process by preventing voter fraud when it proactively pulled the posts ahead of the 2023 vote. But Meta's public-facing rules were not clear enough, the board said in a ruling published on Thursday.
