When two former Meta employees dug into why the website of Iowa''s Clayton County Register was spewing dubious posts about stocks, they uncovered a network of sites slinging seemingly AI-made content.
The Art of Valuation: Discovering Meta Platforms Inc''s Intrinsic Value
If you’re seeking exposure to the metaverse, plus the latest and greatest in artificial intelligence technology, consider adding some Meta Platforms (NASDAQ: META ) shares to your portfolio. Our META stock analysis indicates that, even after an impressive run in 2023, this year could be just as rewarding for patient shareholders. Maybe you’ve already heard about Meta Platforms’ excellent fourth-quarter 2023 financial results . Meta Platforms recently announced its first dividend . Clearly, the buyers are in the driver’s seat and the short-sellers are asking for trouble. Stick around and we’ll show you even more reasons Meta Platforms stock fully deserves an “A” grade. Meta Platforms Bolsters Its Board With an AI Authority Meta Platforms CEO Mark Zuckerberg has made it crystal clear that he’s “playing to win” in the field of AI. Meta Platforms is developing an in-house, AI-capable data-center chip , called “Artemis.” If you’re still not convinced that Meta Platforms and Zuckerberg are front-runners in the AI wars, then check this out.
In anticipation of the European Union’s 2024 Parliament elections, Meta Platforms Inc. is enhancing its security measures and transparency tools. This could be a sign of how the Mark Zuckerberg -led company might deal with the US presidential election in November. What Happened : As revealed in a blog post on Monday, Meta has been gearing up for the EU Parliament elections by activating a dedicated team to create a customized strategy to maintain the integrity of these elections on their platforms. Meta has learned from over 200 global elections since 2016, the Digital Services Act’s regulatory framework, and their commitments in the EU Code of Practice on Disinformation. The company has invested over … Full story available on Benzinga.com
Meta Platforms Inc. (NASDAQ: META ) CEO Mark Zuckerberg is set to embark on a busy week in Asia, with plans to visit Japan, South Korea, and India. His itinerary includes discussions on artificial intelligence and meetings with key figures in the region . What Happened: Zuckerberg, who has been in Japan for a family ski trip, will engage with Meta’s developers in Tokyo on Monday and Tuesday, reported Bloomberg, citing a spokesperson. The discussions will revolve around the company’s Quest virtual-reality headsets and its large language model Llama , a part of its efforts to compete with OpenAI’s ChatGPT . On Wednesday, Zuckerberg is scheduled to travel … Full story available on Benzinga.com
To gain an edge, this is what you need to know today. Renewed AI Frenzy Please click here for an enlarged version of the chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market hit a new high. The new stock market high has been triggered by renewed AI frenzy after NVIDIA Corp (NASDAQ: NVDA ) earnings. The value of NVDA stock surged by a record $277B in one day. NVDA earnings sparked not only buying in the U.S. but also in stock markets across the globe. RSI on the chart shows that the stock market has room to run up. The chart shows a gap up on volume that was not heavy. This indicates lack of conviction. The AI frenzy is overshadowing all of the negatives. The two major negatives are the following: Interest rates are likely to stay higher for longer. Outside of AI, Wall Street’s earnings estimates are too high. In The Arora Report analysis, the probability is only about 30% of a Fed rate cut in May.
To make matters worse, Meta''s algorithm-run recommendation systems were reportedly promoting child-modeling accounts to adults who posted pedophilic comments.
Meta Platforms Inc (NASDAQ: META ), the parent company of Facebook and Instagram, faced significant internal concerns last year regarding the misuse of new paid subscription tools on its platforms, particularly by adults exploiting children for profit. Internal teams at Meta discovered that numerous “parent-managed minor accounts” were selling exclusive content, often featuring young girls in bikinis and leotards, to predominantly male audiences displaying overt sexual interest . Despite the absence of nudity or illegal content, there was evidence that some parents were aware they were catering to adults’ sexual gratification, sometimes even engaging with subscribers’ sexual messages about their children, the Wall Street Journal Full story available on Benzinga.com
Meta and Nvidia deserve to be split from the other Mag 7 members says this analyst
META has seen its SMA50 which is now 24.55%. In looking the SMA 200 we see that the stock has seen a 51.77%. ENB has seen its SMA50 which is … The post Hot Stock in the Spotlight: Meta Platforms Inc (NASDAQ:META), Enbridge Inc (NYSE:ENB) appeared first on Stocks Equity .