Meta Platforms, Inc.

$META

NASDAQTechnology

401 stories mentioning Meta Platforms, Inc.Updated 20h ago

Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.

What are analysts saying about Meta Platforms, Inc.?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on Meta Platforms, Inc.?

US Markets31d ago

Nvidia Poised for Strong Quarterly Results, Outlook, UBS Says

Nvidia (NVDA) is likely to post strong fiscal second-quarter results and issue an upbeat sales outlook as Vera Rubin begins to ramp, UBS Securities said Friday.The brokerage raised its second-quarter earnings outlook for the chipmaking giant to $2.13 a share from $2.09 and its revenue estimate to $93.55 billion from $91.91 billion. UBS projects third-quarter revenue in a range of $107 billion to $108 billion."Blackwell is holding stable, with Rubin units starting to layer in ahead of what should be a more substantial revenue step-up in (the fourth quarter), as Rubin sell-in accelerates toward (roughly 500,000 graphics processing unit) units/month and Blackwell starts to wind down," UBS analysts Timothy Arcuri and Natalia Winkler said in a note to clients Friday.Vera Rubin is Nvidia's next-generation artificial intelligence computing platform designed for large-scale agentic AI and advanced reasoning workloads.In a note to clients earlier this month, BofA Securities said it expected Nvidia to deliver a second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising AI capital spending."Because the vast majority of hyperscaler CapEx increase this year is due mostly to memory price inflation, compute supply growth is even further from keeping pace with demand," Acuri and Winkler said Friday. "This is ultimately bullish for (Nvidia) and as a result, we may hear about another significant stair-step in backlog on this earnings call."Earlier this week, Nvidia signed memorandums of understanding with six major financial institutions, including Goldman Sachs (GS), BlackRock (BLK), Blackstone (BX) and KKR (KKR), to raise more than $500 billion in third-party capital for the development of AI infrastructure.UBS expects this to help address "demand durability concerns by unlocking substantial infrastructure capital, underscoring both the financeability of AI compute and the strength of (Nvidia's) ecosystem."The company's shares were little changed in Friday afternoon trade. The stock has jumped nearly 21% so far in 2026.Coming out of Nvidia's upcoming earnings call, UBS expects investors to gain "greater confidence" in a path to EPS of more than $15 in 2027 and $20 in 2028 -- "numbers that should keep the stock grinding higher," the analysts wrote.The technology bellwether company is scheduled to report results Aug. 26.Price: $225.37, Change: $+0.07, Percent Change: +0.03%

$AMZN$BLK$BX$GOOG$GOOGL$GS$KKR$META$MSFT$NVDA

Wire32d ago

Market Chatter: Meta Platforms to Sell Manus Stake to Tencent

Meta Platforms (META) will sell its stake in Manus to Tencent Holdings, making the technology conglomerate the largest shareholder of the Chinese AI developer, Nikkei Asia reported Thursday.The sale follows Beijing's efforts to keep Manus under domestic control after Meta bought the AI company in December for a reported $2 billion, Nikkei Asia said.The Tencent deal is expected to be worth roughly what Meta originally paid, the report said.Tencent, Manus, and Meta didn't immediately reply to request for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $588.21, Change: $+9.36, Percent Change: +1.62%

$META

Insider Trading33d ago

Meta Platforms Insider Sold Shares Worth $1,016,373, According to a Recent SEC Filing

Javier Olivan, Chief Operating Officer, on August 10, 2026, sold 1,692 shares in Meta Platforms (META) for $1,016,373. Following the Form 4 filing with the SEC, Olivan has control over a total of 100,238 Class A common shares of the company, with 5,856 shares held directly and 94,382 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1326801/000095010326012279/xslF345X05/ownership.xml

$META

Wire33d ago

Update: Market Chatter: Meta Platforms Faces German Criminal Complaint Over AI Smart Glasses

(Updates with response from a Meta Platforms spokesperson in the fourth paragraph.)Meta Platforms (META) faces a criminal complaint in Germany from digital rights group HateAid over the sale of its AI-powered smart glasses, particularly the Ray-Ban Meta Wayfarer, Reuters reported Wednesday.HateAid alleges the glasses violate German privacy laws against covert recording and also named EssilorLuxottica units and retailers including Fielmann, Apollo-Optik, Mister Spex and MediaMarkt, the report said.Germany's Federal Network Agency is closely monitoring the smart-glasses market but is not currently formally investigating any violations, Reuters reported, citing a spokesperson for the country's digital communications regulator.In a statement emailed to, a Meta Platforms spokesperson said its smart glasses, developed with EssilorLuxottica, passed review by Germany's BNetzA in 2022 and include privacy safeguards such as a non-disableable white capture LED, tamper detection and camera deactivation if the LED is covered or damaged.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $583.24, Change: $-15.89, Percent Change: -2.65%

$META

US Markets34d ago

Share of Home Sales Near Large Data Centers Seen Expanding, Realtor.com Report Says

The share of US home sales in areas near large data centers has more than doubled since 2018 and is likely grow further amid the rapid infrastructure buildout, News Corp's (NWS, NWSA) Realtor.com said Tuesday.The share of home sales within five miles of a data center with a capacity of at least 50 megawatts has risen to 1.5% this year from 0.67% eight years ago. That share is projected to expand to 2.3% through next year, according to the online real estate portal.The number of large data centers operating across the US has reached 347 during the period, up from 49, the report showed."The data center buildout has moved fast and it is raising policy, community, and housing-market questions as it spreads and accelerates," Realtor.com Chief Economist Danielle Hale said.Robust demand for artificial intelligence and cloud services has prompted US technology giants like Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) to continue expanding their data center footprints in the US and globally."Our analysis so far offers some reassurance: in the communities we studied, a new data center opening nearby wasn't associated with meaningfully higher or lower home values than similar neighborhoods that didn't get one," Hale said. "But the facilities coming online next are bigger, more remote and landing in communities with less experience managing an industrial neighbor, so that track record may not hold as a guide to what comes next."The buildout has now been concentrated in areas that are less densely populated and with below-median household incomes, unlike several years ago when data centers largely landed in the cities, the Realtor.com report found."The places absorbing this next wave of data centers look different from the places that absorbed the last one," Glen Morgenstern, an economist intern at Realtor.com, said. "They tend to be lower-income, lower-density and farther from a city center, which usually also means fewer resources on hand -- fewer attorneys, less organized civic engagement, and housing markets that react more slowly to new information."That indicates that those communities "may be less equipped to respond if a facility turns out to be a difficult neighbor," according to Morgenstern.The average large data center that launched in 2018 drew roughly 24MW of power, with that tally climbing to 60MW by 2026. Electricity and water use are also turning out to be "more visible pressure points," especially in Sun Belt markets already facing water issues, according to the report.Last month, a Redfin.com survey showed that a majority of US residents object to AI data centers being built near their homes despite the economic benefits of such projects.Price: $32.55, Change: $+0.05, Percent Change: +0.15%

$AMZN$GOOG$GOOGL$META$MSFT$NWS$NWSA

Wire34d ago

Manus to Return to Independent Operations After China Blocked Acquisition by Meta

Manus said Tuesday it is returning to operate as an independent company, after Chinese authorities blocked its acquisition by Meta Platforms (META).The artificial intelligence startup said that data generated on and after Meta's acquisition date of Dec. 29, 2025, will be deleted on Aug. 23 and 24 in order to comply with regulatory requirements in "specific jurisdictions."Affected users will be able to back up their data before the deletion date using backup and restoration tools provided by the company, Manus said.In April, China had required Meta to unwind its $2 billion deal to acquire Manus.Price: $603.03, Change: $+8.11, Percent Change: +1.36%

$META

Sectors35d ago

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.3%.The Philadelphia Semiconductor index was shedding 1.7%.In corporate news, Microsoft (MSFT) intends to greatly increase production of its internally designed AI chips next year and hopes to persuade Anthropic and other large cloud customers to use them, The Information reported. Microsoft shares were up 1.1%.Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 3.4%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.4%.

$GOOGL$INTC$META$MSFT$NVDA

Sectors35d ago

Sector Update: Tech Stocks Decline Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index was shedding 2%.In corporate news, Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 2.8%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.2%.Archer Aviation (ACHR) shares shares jumped past 7% after agreeing to buy Boeing's (BA) Wisk Aero, SkyGrid and Insitu units in exchange for a nearly 20% stake in the air taxi maker.

$ACHR$GOOGL$INTC$META$NVDA

Wire35d ago

US Appeals Court Reportedly Lets Suits Against Meta, Google Proceed

A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOG, GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports.The companies didn't immediately reply to requests for comment from.Price: $592.87, Change: $+0.77, Percent Change: +0.13%

$GOOG$GOOGL$META

US Markets35d ago

Nvidia Poised for Second-Quarter Sales Beat, Upbeat Guidance, BofA Says

Nvidia (NVDA) is likely to deliver a fiscal second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends, BofA Securities said in a note e-mailed Monday.The chipmaking giant is expected outperform sales expectations by $3 billion to $4 billion for its second quarter. In May, Nvidia said it anticipated revenue of $91 billion, plus or minus 2% for the quarter, while the current consensus on FactSet is for $91.91 billion.For the ongoing three-month period, BofA forecasts Nvidia to issue a revenue outlook about 3% to 4% above consensus, or $107 billion to $108 billion, based on the company's recent guidance trend. Wall Street is looking for $103.68 billion.The outlook factors in the start of the next-generation Vera Rubin shipments, new Vera central processing unit ramps, and "solid" cloud CapEx trends, BofA analyst Vivek Arya said in a note to clients.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising artificial intelligence capital spending.Spot rental prices of graphic processing units are still hovering around their all-time high levels, reflecting persistent robust demand for compute, and point to cloud pricing upside that could address continued return on investment concerns around Nvidia, BofA said.The brokerage expects the tech bellwether to hold a "healthy" gross margin of around 73% to 74% over time, with limited impacts from rising memory costs.Nvidia has likely made around $70 billion in equity investments into ecosystem partners so far, including the recent $30 billion investment in OpenAI and up to $10 billion in Anthropic, according to the note. These investments are "easily manageable," due to Nvidia's ability to generate up to $470 billion of free cash flow over the next two years. "In other words, we see no issue in (Nvidia) returning 50% of (free cash flow) to shareholders," Arya wrote.BofA maintained its buy rating on the Nvidia stock with a $350 price objective while naming it the "top sector pick on compelling valuation."The company's shares were down 3.1% in Monday afternoon trade. So far in 2026, the stock has jumped nearly 18%.Nvidia is scheduled to release its latest financial results Aug. 26.Price: $217.76, Change: $-6.20, Percent Change: -2.77%

$AMZN$GOOG$GOOGL$META$MSFT$NVDA

Wire35d ago

US Appeals Court Reportedly Lets Suits Against Meta, Google Proceed

$GOOG$GOOGL$META

Wire35d ago

Meta Unveils Muse Glimmer, a Local AI Model That Runs on Mac or PC

Meta Platforms (META) introduced Muse Glimmer, a new AI model that can run directly on a Mac or PC with a single consumer graphics processing unit, enabling users to run AI agents locally without relying on cloud connectivityThe model's trained parameters are being released publicly under an Apache 2.0 license on Hugging Face, Meta said Monday in a statement.The 30-billion-parameter Muse Glimmer was developed through distillation from its larger Muse Spark model and additional training for long-context reasoning, coding and agentic workflows, the company said.Integrations with llama.cpp, MLX and ExecuTorch are expected in the coming days.Price: $599.12, Change: $+7.02, Percent Change: +1.19%

$META

Wire35d ago

Amazon Founder Bezos Reportedly Near Liverpool Stake Deal

Amazon (AMZN) founder Jeff Bezos and Meta Platforms (META) Facebook co-founder Eduardo Saverin are part of a consortium close to agreeing on a deal to acquire a roughly one-third stake in English Premier League club Liverpool, multiple media outlets reported Monday.Liverpool owner Fenway Sports Group could announce the transaction as soon as this week, and the deal could value the football club at about 4.4 billion British pounds ($5.9 billion), Reuters reported.The consortium is led by Amit Bhatia, the son-in-law of steel billionaire Lakshmi Mittal and a former shareholder in English second-tier club Queens Park Rangers, Sky News reported.Spokespersons for Jeff Bezos, Eduardo Saverin, Liverpool and Fenway Sports did not immediately respond to' request for comment.Price: $275.75, Change: $+1.27, Percent Change: +0.46%

$AMZN$META

Asia Markets36d ago

Update: US Equity Futures Mostly Flat Pre-Bell Amid Lack of Progress in Middle East Peace Negotiations

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% lower.Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $85.13 per barrel and US West Texas Intermediate crude 2% higher at $79.72 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) shares rose 1.3% after Reuters reported that retail investors sold shares for the first time last Friday since the June IPO. Meta Platforms (META) stock was up 1.9% after Chief Executive Mark Zuckerberg called for lower US regulatory barriers for open-weight artificial intelligence models to help American companies compete with Chinese rivals.Newmont (NEM) shares were 2.5% higher, while Barrick Mining (B) stock fell 6.2%, after the two companies said they agreed to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, to the Nevada Gold Mines joint venture, in an agreement wherein Newmont will pay Barrick $1.95 billion for the contribution of the properties.On the losing side, Intel (INTC) shares dropped 4.1% after the company said it is offering $15 billion of common stock in a public offering. Cloudflare (NET) stock was 1.8% lower after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.

Dow JonesNasdaq CompositeS&P 500$AMAT$B$BN$CSCO$INTC$META$NEM$NET$SPCX

Commodities40d ago

Black Hills Electric, Gas Businesses Record Higher Q2 Sales

Black Hills' (BKH) electric and gas utilities segments posted higher sales volumes and revenue in Q2, according to the company's earnings results on Wednesday.The electric utilities segment sold 2.003 terawatt-hours of power in the three months ended June 30, up from the previous year's 1.973 TWh.Higher sales volumes and revised rates contributed to stronger revenue, which stood at $226.3 million during the period. This compared with $219.9 million revenue in the same quarter of 2025.The gas utilities business sold and transported 50.1 million dekatherms of gas in Q2, higher than the prior year's 48.8 million dekatherms, results showed.Segment revenue accordingly increased year over year to $230.5 million from $223 million.The company said it delivered a record peak load at Wyoming Electric. It also aims to serve a large-load demand pipeline exceeding 3 gigawatts in the area, beginning with 600 megawatts in 2030 for Microsoft's (MSFT) and Meta Platform's (META) operations.Black Hills noted that it is also on track to close a merger with NorthWestern Energy (NWE), with target completion by year-end, subject to regulatory approval from the Montana Public Service Commission.

$BKH$META$MSFT$NWE

Wire40d ago

Market Chatter: Alphabet, Meta Could Face Stricter Social Media Regulation After Senate Passes Kids Online Safety Bills

Alphabet's (GOOG, GOOGL) Google, Meta Platforms (META), and other social media platforms could face stricter regulation after the US Senate Commerce Committee unanimously passed a package of bills targeted at keeping children safe online, Bloomberg reported Wednesday.The Kids Safety Online Act, or S. 1748, contains a stringent "Duty of Care" section that requires platforms to exercise "reasonable care" in the design of any feature to prevent and mitigate various harms to minors, including eating disorders and depression, according to the bill text.The CHATBOT Act, or S. 4407, would impact artificial intelligence companies such as OpenAI and Anthropic to create "family accounts" for parents to manage access and usage of AI chatbots by their children, according to an earlier statement from the Senate committee.The House of Representatives, which passed a more lenient version of the legislation in June, will meet with the Senate in the fall to discuss the two versions, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $359.33, Change: $-16.02, Percent Change: -4.27%

$GOOG$GOOGL$META

US Markets42d ago

S&P 500 Quarterly Profit Growth Eases Amid Sharp Tech Slowdown, Oppenheimer Says

S&P 500 companies' second-quarter earnings growth has eased from a week ago as a sharp slowdown in profits reported by technology firms shadowed outsized gains in energy and consumer discretionary, Oppenheimer Asset Management said in a report Monday.So far, 306 companies, or 61% of the total, have reported results, with profit growth slowing to 57% from about 70% a week ago. Revenue growth jumped to 15% from nearly 13%.Earnings growth in the tech sector plunged to 61% from 190% a week ago, Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Last week, Meta Platforms (META) reported an unexpected annual decline in quarterly net income per share, while Apple (AAPL), Microsoft (MSFT) and Amazon.com (AMZN) posted gains.All 11 sectors reported annual profit growth, with energy and consumer discretionary soaring more than 130% each. Energy overtook tech as the sector with the fastest revenue growth pace, at 39%, while tech revenue expansion slowed to 25% from 45%.Analysts polled by FactSet projected S&P 500 earnings growth at nearly 24% year over year ahead of the second-quarter reporting season, Oppenheimer said.Another 138 S&P 500 companies are scheduled to report results this week, including Eli Lilly (LLY), Advanced Micro Devices (AMD), Caterpillar (CAT), and Merck (MRK).Oil prices declined as President Donald Trump reportedly said Sunday that negotiations with Iran begin Monday. Trump previously called off a planned attack on Iran.Wall Street's stock market benchmarks closed out July mostly lower."A silver lining to the over-hanging clouds of recent volatility has been some further reduction in the forward earnings multiple of the S&P 500," Stoltzfus said.Price: $1120.72, Change: $-28.12, Percent Change: -2.45%

$AAPL$AMD$AMZN$CAT$LLY$META$MRK$MSFT

US Markets46d ago

Stocks Rise Pre-Bell as Amazon Results Lift AI Trade Sentiment

The benchmark US stock measures were tracking in the green before the open Friday as Amazon's (AMZN) better-than-expected quarterly results improved sentiment around the artificial intelligence trade.The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq gained 1.1% in premarket activity. The indexes finished the previous trading session up, with the Nasdaq snapping a six-day losing streak and recording its biggest single-day percentage gain since June 15.Shares of Amazon rose 13% pre-bell after the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note on Friday. "AWS's accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on investment) depressant it's been made out to be."Apple (AAPL) fell 7.1% early Friday as the company missed market estimates for iPad and services revenue in its fiscal third quarter. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.Meta Platforms (META) rose 1.9% while Microsoft (MSFT) was down 0.5% following a 16% jump at the close of Thursday trading. Social media platform Reddit (RDDT) fell 9.3% following its latest quarterly results.Government data on Thursday showed that the US personal consumption expenditure price index decreased 0.1% month over month in June, marking the first decline since April 2020. A separate report showed that US economic growth slowed more than expected in the second quarter, though consumer spending seemed to shrug off intensifying price measures.Treasury yields were trending higher in premarket action, with the two-year rate increasing 2.7 basis points to 4.26% and the 10-year rate adding 0.6 basis points to 4.67%.Iran's army said Friday that it launched strikes on strategic US assets and military bases in Kuwait and Bahrain, following Washington's attack against Iran earlier in the week, CNBC reported, citing state media.Saudi Arabia on Thursday reportedly proposed to form a naval alliance to protect key shipping routes in the Red Sea and Strait of Hormuz, with Iran and its Houthi allies in Yemen continuing to attack vessels amid the ongoing conflict with the US. About 40 countries attended a meeting to discuss strengthening maritime cooperation, the Saudi Defense Ministry reportedly said.West Texas Intermediate crude oil was up 0.4% at $83.93 a barrel before the opening bell, while Brent advanced 0.7% to $89.53.Oil giants ExxonMobil (XOM) and Chevron (CVX) report their latest financial results before the bell, along with AbbVie (ABBV), Colgate-Palmolive (CL), Moderna (MRNA), Magna International (MGA) and AutoNation (AN).Friday's economic calendar has the Chicago purchasing managers' index for July at 9:45 am ET, followed by the final University of Michigan consumer sentiment report for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Gold declined 1.2% to $4,113 per troy ounce, while bitcoin shed 1.6% to $63,713.

Dow JonesNasdaq CompositeS&P 500$AAPL$ABBV$AMZN$AN$CL$CVX$META$MGA$MRNA$MSFT$RDDT$XOM

US Markets46d ago

Amazon Shares Surge on Cloud-Driven Quarterly Beat; CapEx Outlook Raised

Amazon.com (AMZN) shares were soaring early Friday after the e-commerce giant's second-quarter results topped Wall Street's views amid cloud-computing business strength, while the company lifted its capital expenditure guidance.Net income jumped to $5.75 a share for the June quarter from $1.68 a year earlier, Amazon said late Thursday. The consensus on FactSet was for $1.82. Net sales climbed 20% to $200.61 billion, surpassing the Street's view for $197.04 billion.The company's shares were up 11% in premarket activity Friday.Sales at the Amazon Web Services cloud-computing unit surged 37% to $42.23 billion, marking the fastest growth in 18 quarters. "Customers continue to increase cloud migrations and scale up their use of AWS core services," Chief Financial Officer Brian Olsavsky said during an earnings call late Thursday, according to a FactSet transcript. "As customers invest in (artificial intelligence), we see core spending increase in core consumption.""We've long believed AWS could become a few hundred-billion-dollar revenue business and now believe it'll be at least double that, and very possibly be a $1 trillion annual revenue business for us in time," Amazon Chief Executive Andy Jassy said on the call.For 2026, the technology giant now expects to spend roughly $220 billion in cash CapEx, up from its previous estimate of $200 billion, driven by the higher cost of memory, Jassy told analysts. "But even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027."Amazon expects to spend "a lot of CapEx and encounter free cash flow headwinds" in the short term amid strong demand for the development of data centers and before it can start monetizing from them, Jassy said on the call. "But as we get a few years out and the revenue growth outpaces the incremental CapEx growth, which will happen at some point, the resulting revenue, free cash flow and return on invested capital is very compelling."Second-quarter CapEx came in at $53.1 billion, while free cash flow was a negative $7.6 billion for the trailing 12 months, compared with an inflow of $18.18 billion a year earlier, mainly reflecting AI investments, according to the company.Recently, Microsoft (MSFT) said it anticipated CapEx in fiscal 2027 to increase year over year, with the metric to exceed $50 billion in its fiscal first quarter. Facebook and Instagram parent Meta Platforms (META) raised the lower end of its CapEx guidance. Alphabet (GOOG, GOOGL) shares came under pressure last week after the Google parent indicated rising AI capital spending that analysts said could drive a bigger cash burn than previously projected.Amazon delivered the "cleanest beat" among the hyperscalers within Wedbush Securities' coverage, while the e-commerce giant's management also provided the "most explicit walk through" of how it will achieve return on invested capital on its CapEx spend, the brokerage said Friday."This clean beat and walk through are the factors in our view on the different share reaction between (Alphabet) and (Amazon) on what we view as similarly strong fundamental prints with raises in CapEx," Wedbush said in a note to clients, as its increased its price target on the Amazon stock to $310 from $293 and reiterated its outperform rating.For the ongoing quarter, Amazon expects net sales between $197 billion and $202 billion, while the Street is looking for $202.76 billion. Excluding the impact of the company's Prime Day sales event in both 2025 and 2026, this year's September quarter year-over-year growth would be nearly 400 basis points higher, according to the company.

$AMZN$GOOG$GOOGL$META$MSFT

US Markets46d ago

Update: Nasdaq Composite Snaps 6-Day Slump as Microsoft Soars

(Updates with market moves at the end of the day.)The Nasdaq Composite surged Thursday, rebounding after a six-day losing streak, as Microsoft's (MSFT) shares moved 16% higher in a post-earning rally.The technology-heavy Nasdaq gained 2.8% to close at 25,122.18, its biggest single-day percentage gain since June 15. The S&P 500 rose 1.7% to 7,437.63, while the Dow Jones Industrial Average climbed 1.2% to 52,208.06. Among sectors, tech paced the gainers with a 5.2% advance, while communication services led the laggards.Microsoft soared almost 16%, the top gainer on the Dow. Its quarterly results released late Wednesday topped estimates driven by a revenue surge in cloud computing platform Azure."This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their (artificial intelligence) transformation," Chief Executive Satya Nadella said in a statement on Wednesday.Sandisk (SNDK) surged 26%, the top performer on the S&P 500, while other chip-related stocks also logged sharp gains, such as Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC).Meta Platforms' (META) shares slumped 8% as the technology giant provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. It raised the lower end of its capital expenditure guidance."Microsoft shows clearer AI revenue through Azure and Copilot, while Meta still depends mainly on advertising," Saxo Bank said in a report.Amazon.com (AMZN) was the Dow's third-biggest gainer, up 3.9%. The e-commerce giant and Apple (AAPL) released their latest quarterly results after the closing bell on Thursday.Treasury yields were mixed, with the 10-year rate up 5.1 basis points at 4.67%, while the two-year rate was little changed at 4.25%.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%.Separate data showed US economic growth slowed more than expected in the second quarter, though consumer spending seemed to shrug off intensifying price measures.West Texas Intermediate crude oil was down 0.9% at $83.71 a barrel in Thursday late-afternoon trade, while Brent fell 1.8% to $89.15. Both benchmarks are on track for hefty gains this month, following two consecutive monthly declines.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said."Elevated energy prices are also clouding the inflation outlook for the (Federal Reserve), keeping upside inflation risks alive, with core PCE inflation having run above the Fed's 2% target for more than five years," TD Economics said. "While the Fed remained on the sidelines this week, financial markets continue to price a rate hike by year-end."The Federal Open Market Committee held the policy rate steady on Wednesday, in a divided decision that included three officials calling for a hike.Spot gold rose 1.1% to $4,113.71 per troy ounce, while silver advanced 2.3% to $59.43 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$INTC$META$MSFT$MU$SNDK

Showing 81-100 of 401

Track with the FINWIRES app suite

FolioX

Track Meta Platforms, Inc. in your portfolio

WheelAI

Analyze Meta Platforms, Inc. options with the wheel strategy

StockInsider

See market sentiment on Meta Platforms, Inc.