Meta's Big AI Pivot and Core Inflation

Benzinga

Big tech is pivoting. Meta is cutting overall spending by 30 percent while accelerating investment into AI wearables, AR glasses, multimodal AI assistants, and spatial computing. UiPath stock surged over 25 percent after a major earnings beat, accelerating revenue growth, stronger ARR, and rising demand for AI agents and enterprise automation. And all of this is happening right before Core PCE, the Fed’s preferred inflation gauge, hits the tape. This report could shape expectations for rate cuts in the months ahead. If you want real-time alerts and data-backed signals before the market moves, Benzinga Edge is 65 percent off for Cyber Week. Comment “Edge” to get access.

Transcript

00:00Big tech is pivoting again, but not in the way you expected.

00:03Meta just confirmed plans to cut overall spending by roughly 30%,

00:07but the twist is that Mark Zuckerberg is actually re-accelerating investment into AI wearables.

00:14Think AR glasses, multimodal AI assistants, and spatial computing.

00:18Meta's message is clear.

00:20The next platform shift won't be social media.

00:23It'll be intelligence that lives on your face, in your pocket, and inside your daily workflow.

00:28Meanwhile, UiPath exploded more than 25% after a clean, beaten race quarter.

00:34Revenue growth accelerated, ARR topped expectations, margins improved,

00:38and demand for AI agents and automation is climbing fast.

00:42After months of lagging, Path finally delivered the kind of quarter that flips sentiment.

00:47And all of this is landing hours before core PCE hits the Fed's preferred inflation gauge.

00:53If the number comes in cool, rate cut hopes stay alive.

00:56If it runs hot, expect volatility across stocks, bonds, and crypto.

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