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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.

Arista Networks Hits All-Time High of $181.05 After 8.8% Rally — Q2 Earnings Set for August 4 With $11.5B Full-Year Guidance in Focus

Arista Networks closed at an all-time high of $181.05 on Wednesday after an 8.8% single-session rally, driven by BlackRock naming it one of its top 30 AI infrastructure stocks alongside validated deployments of its new 1.6-terabit 7060XE7 switching platforms with Meta, Microsoft, and Oracle. The stock carries $8.9 billion in multi-year purchase commitments and full-year AI revenue guidance of $3.5 billion. Second-quarter results are due August 4. The stock is up roughly 70% over the past 12 months.

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.

Magnificent Seven ETF Up 14% in April as Big Tech Rally Faces Its First Real Test of the Week

The Roundhill Magnificent Seven ETF has surged more than 14% in April alone — on track for its largest monthly gain on record — led by Tesla's 15% weekly rally and Microsoft's near-14% weekly gain, its best week since 2007. But with the group's collective Q1 earnings expected to show 20% EPS growth and Iran tensions reigniting Monday, analysts warn the rally's technical foundation remains fragile without broader market breadth confirmation.

Trump Threatens 50% Tariff on China Over Alleged Iran Arms Shipment, Escalating Trade and Geopolitical Tensions

President Trump on Sunday threatened to impose an immediate 50% tariff on Chinese goods if Beijing is proven to be supplying military weapons to Iran, following reports of a potential air defense system shipment. The warning compounds existing geopolitical stress and raises fresh concerns about U.S.-China trade relations ahead of a scheduled May summit, adding another layer of uncertainty to an already volatile global market environment.

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.