00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platform's shares rallied 20.97% in roughly three weeks as investors reassessed the company's
00:08artificial intelligence spending, according to Benzinga. The stock rose from $542.87
00:14on June 25 to $656.73 on July 13. Futurum equities strategist Shea Belor said Wall Street
00:24now sees several ways Meta can generate returns from its infrastructure beyond advertising.
00:29The company recently launched its MuseSpark 1.1 model and API, priced at about 25% of
00:36competing offerings. Meta is also developing custom chips to lower computing costs and
00:41could rent excess capacity to third parties. Its billions of users provide a large base
00:46for deploying AI products. Shares fell 1.86% on Monday and declined another 0.80% in Tuesday
00:54premarket trading.
01:02For all things money, visit Benzinga.com.
01:04Let's be with the faculty, staff organizing talking about it.
01:05I'm doing a lot of money.
01:05I'm sorry.
01:05But this is something that gives them a long time.
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