Tech inventory rises in inches when it is reported that Meta is approaching a multi-billion-dollar AI investment
Tariffs could leave the cloud in the stock market, but tech companies continue to rise, fueled by the excitement of investors around artificial intelligence. On Tuesday, Meta’s stock price rose 1.20%, according to Mark Zuckerberg’s social media giant. plan It invests approximately $15 billion in startup Scaleai.
It wasn’t just the tech companies that received a boost on Tuesday. apple Stocks rose 0.61% Inactive performance At the annual developer meeting Tesla Public nausea between Elon Musk and President Donald Trump has calmed down further, bringing back 5.67%. Overall, the S&P 500 rose 0.55%.
Despite the remaining markets in the green, investors remain cautious as trade talks between the US and China continued in London. Howard Lutnick, Commerce Secretary He told reporters Discussions with Chinese economic officials were on track on Tuesday. “We spend a lot of time together,” he said.
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Meta has held its position as one of the top high-tech companies in the United States despite accidental stumbling over the past few years. These include a disastrous pivot into the Metaverse and recent scramblings to maintain the pace of AI Arms races with competitors, including Google and Openai.
With its latest bid to enhance resources, Meta is building a new “super intelligence” AI research lab, the term for AI systems that transcends human collective intelligence. According to Report From Bloomberg and informationthe contract with Wang would involve an investment in Scaleai totaling around $15 billion.
While META may not be enough to compete with other AI labs, the company’s stock still rose 1.20%, bringing monthly profits to 9.85%. Google Ros rose 1.29% on Tuesday.
As for Tesla, despite Tuesday’s clash, Tesla has fallen 5.55% last week. The company is like that plan The long-awaited self-driving taxi service will be launched in Austin by the end of this month.
Another red-hot tech stock, Stablecoin Company Circle, has maintained a large portion of its profits since last week’s first public offering, hovering around $105, down 8.31% per day. As Congress approaches inch, passing the Landmark Act, which establishes regulations for Stubcoin, a type of dollar-backed cryptocurrency maximum Two-day pop at IPO, which has raised over $500 million since 1980. Analysts said circle performance is possible Encourage Other Fintech and Cryptocurrencies will be published along with ExchangeGemini announcement What I submitted secretly for an IPO last week.
This story was originally introduced Fortune.com