Nvidia Shares Go on a $260 Billion Tear as Clients Splurge on AI [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March Huawei's New Phone Runs Latest Version of Made-in-China Chip US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes The Santa Clara, California-based company's stock is up 15% this week, adding more than $260 billion in market capitalization and putting it on pace for its best weekly performance since last May. The surge comes after firms like Meta Platforms Inc., Alphabet Inc. and Microsoft Corp. pledged billions in AI investments. “The future is AI,” said Paul Marino, chief revenue officer at GraniteShares. “And if the largest companies in the world are pouring tens of billions of dollars each into this, I think Nvidia has to be the big winner.” The move is a sharp reversal from last Friday's 10% plunge, the shares' worst day in more than four
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- 5/7/24 - Form PX14A6G
- META's page on the SEC website