Meta (META) is turning up the heat on the AI competition. On Friday, CEO Mark Zuckerberg announced that the company plans to pour billions more into its artificial intelligence development efforts, construct a massive new data center,

Oracle's stock surges 8.51% after Trump announces $500B AI initiative, solidifying its role as a key AI provider. CEO Ellison's stake also rises.

Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.

Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said today, joining a wave of Big Tech firms unveiling hefty investments to capitalise on the technology.

Out of the 43 analysts covering NVDA stock, 36 recommend “Strong Buy,” three recommend “Moderate Buy,” and four recommend “Hold.” The average target price for NVDA stock is $176.90, indicating upside potential of 20% from current levels.

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In addition to Trump, you can guarantee that virtually every tech company will mention AI revenue and spending. According to Jefferies analyst Brent Thill, Microsoft should report improved AI consumption and continued spending, something investors have been hoping for as the company works to meet customer demand for AI infrastructure.

Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the US.

Meta Platforms (META) plans to invest $60 billion to $65 billion in capital expenditures in 2025 as the social media giant looks to expand its artificial intelligence infrastructure, Chief Executive Mark Zuckerberg said Friday.

TikTok began going dark for US users late Saturday night, a little more than an hour before a new law banning the app was set to take effect.

CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center stacked with GPUs in New York City, but Nvidia (NASDAQ:NVDA), which was the largest GPU supplier for Meta in 2024,