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0.000551322040042609 -3.7761783564527E-05 -0.00244696357498341 -0.00218263109003155 0.00101956815624326 0.00493168893353186 0.0078166891978643 0.00718229123397973
Stock impact report

Meta (META)'s Data Center is a “Big, Hard Thing to Do,” Says Jim Cramer [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
As is the case with other technology giants, Meta Platforms, Inc. (NASDAQ:META) has positioned itself to be a key player in the AI race. The firm differs from players such as Google and Amazon through the fact that it does not operate a cloud computing business. Yet, while Google, Amazon, and Microsoft spend on AI data centers to bolster their cloud computing capabilities, Meta Platforms, Inc. (NASDAQ:META) continues to spend just as much despite not being a major player in the industry. The spending has also seen the focus of analysts, with TD Cowen commenting on December 4th that the firm's decision to cut back its metaverse spending could counter the increased spending on AI infrastructure. TD Cowen kept a Buy rating and an $810 share price target for Meta Platforms, Inc. (NASDAQ:META)'s shares. Photo by Timothy Hales Bennett on Unsplash The firm's infrastructure spending includes a major data center it is building in Louisiana. Meta Platforms, Inc. (NASDAQ:META) announced on Show less Read more
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