Keyword → Meta

Meta Platforms Launches Muse Spark 1.1 AI Model and Plans September 'Iris' Chip Production — Stock Up 8.3% This Week

Meta Platforms released Muse Spark 1.1, its most capable AI model for coding and agentic tasks, alongside plans to begin manufacturing its in-house 'Iris' data center chip in September, targeting 14 gigawatts of compute by 2027. The combined announcements pushed Meta shares up roughly 4.7% Thursday and 1% in Friday premarket, cutting the stock's 2026 year-to-date loss from 14.5% to 4.2%. ARK Invest added shares after the release, while analysts project monetization gains through API pricing and advertising share.

Gold Climbs 1.47% to $4,183 as 57K Jobs Print Deflates Fed Hike Bets — Dollar Falls to Two-Week Low

Gold futures rose 1.47% to $4,183.45 per ounce on Friday as the dollar fell to a two-week low after the June jobs report showed only 57,000 new positions — well below the 110,000 forecast — sharply reducing expectations for Federal Reserve rate hikes. Gold had bounced from an eight-month low below $4,000 earlier in the week, and the payroll miss now extends that rebound. J.P. Morgan forecasts gold averaging $6,000 by year-end 2026 if geopolitical tensions remain elevated.

Meta Platforms Rises 8.8% on Meta Compute Cloud Launch — $145B AI Capex Strategy Reframed as Revenue Asset

Meta Platforms jumped 8.8% after Bloomberg reported the company plans to launch Meta Compute, a cloud business selling excess AI computing capacity and model access externally to compete with AWS, Azure, and Google Cloud. The move reframes Meta's $125 billion to $145 billion 2026 capital expenditure plan from a spending concern to a potential revenue engine. CEO Mark Zuckerberg's pivot offered the single biggest counterweight to Wednesday's broad semiconductor and tech selloff.

Qualcomm Doubles Fiscal 2029 Non-Handset Revenue Target to $40B — Meta CPU Partnership and $3.92B Modular Acquisition Mark Chipmaker's AI Data Center Pivot

Qualcomm more than doubled its fiscal 2029 non-handset revenue target to $40 billion from $22 billion at its Investor Day, announcing Meta Platforms as its first data center customer for the Dragonfly C1000 CPU and a $3.92 billion all-stock acquisition of AI software startup Modular. Shares rose roughly 9% in regular trading after surging 15% in after-hours Wednesday, with data center alone targeted at $15 billion by 2029. Microsoft Azure also confirmed deployment of Qualcomm's High-Bandwidth Compute technology.

Meta Platforms Tries to Rebound After 5.4% Slide to $567.58 — AI-for-Work Product Lead Exit Still Weighs

Meta Platforms shares attempted a premarket rebound Thursday after tumbling 5.4% to $567.58 on Wednesday, a drop that erased roughly $83 billion in market value. The slide followed Reuters reporting that Emily Dalton Smith, the executive leading Meta's AI-for-Work product effort, is departing the company just two months after being named to the role. Investors are weighing the departure against Meta's already-elevated 2026 capital expenditure forecast of $125 billion to $145 billion.

Meta Locks In $21 Billion CoreWeave AI Deal, Bringing Total Commitment to $35 Billion Through 2032

CoreWeave announced Thursday an expanded $21 billion long-term agreement to supply AI cloud computing capacity to Meta Platforms through December 2032, raising the two companies' combined deal value to $35 billion and including early commercial deployments of Nvidia's next-generation Vera Rubin GPU platform — cementing Meta's position as one of CoreWeave's largest customers and reinforcing the accelerating race for AI infrastructure.

Meta and CoreWeave Seal $21 Billion AI Cloud Deal Through 2032, Powered by NVIDIA Vera Rubin

CoreWeave and Meta Platforms announced an expanded $21 billion agreement on Thursday to provide AI cloud computing capacity through December 2032, including early deployments of NVIDIA's next-generation Vera Rubin platform, bringing total Meta commitments to CoreWeave to $35 billion and signaling surging long-term demand for AI infrastructure.

Gold Breaks $3,200 Milestone for First Time in History as Stagflation Fears and Safe-Haven Demand Converge

Gold surged past the historic $3,200 per troy ounce level for the first time on Friday, closing at $3,218 on the COMEX spot market as stagflation fears, geopolitical risk, and central bank buying drove the precious metal to another all-time record, with gold mining stocks amplifying the move and the VanEck Gold Miners ETF surging more than 5% on the session.

Gold on Track for Worst Week Since 1983 as Iran War Paradox Crushes Safe-Haven Appeal, Rate-Hike Bets Surge

Gold is on pace for its worst weekly performance since 1983, shedding more than 10% week-to-date as a paradoxical dynamic grips precious metals markets: the Iran war that initially drove bullion to record highs above $5,400 per ounce has morphed into a catalyst for collapse, as the conflict's inflationary consequences harden the Federal Reserve's 'higher for longer' stance, push the U.S. dollar to multi-month highs, and force leveraged futures traders to liquidate positions at scale. Silver is simultaneously tracking toward its worst week since January 2026.