Zuckerberg anticipates that Meta's AI assistant will serve more than 1 billion people in 2025, up from approximately 600 million monthly active users in 2024. Meta Platforms has announced plans to invest up to $65bn this year to expand its artificial intelligence (AI) infrastructure.
Futures tumble as China's DeepSeek up-end Nvidia and AI stocks. Tesla, Meta, Microsoft and Apple headline earnings this week.
Meta Platforms CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center, but Nvidia dipped slightly. Read more here.
Nvidia Corp. ( NVDA, Financials) shares fell 1.78% on Friday, closing at $144.60 as of 11:55 am GMT-5. The fall followed a statement by Meta Platforms ( META, Financials) CEO Mark Zuckerberg on the major AI investment plan of the business.
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."
If the stock is unable to hold that critical $130 price, a new phase of short-term trading patterns will begin, taking NVIDIA to a target price of $120. That would also form a short-term bearish pattern of lower highs and lower lows for NVIDIA stock.
Dow Jones Futures fall amid concerns over DeepSeek's potential impact on Nvidia's dominance, with tech giants' earnings reports on the horizon
The company plans to spend up to $65 billion on infrastructure for AI in 2025, and is planning a data center with a footprint almost as large as Manhattan.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
One Analyst Firm Just Ranked Nvidia and Alphabet as Its Top 2 "Magnificent Seven" Stocks for 2025. Are Both Stocks Buys?
US tech stocks faced a significant blow on Monday after Chinese AI startup DeepSeek challenged America’s dominance in the industry.
Nvidia Corporation (NASDAQ: NVDA) saw a 3% drop in its share price to $142.62 on Friday, following the launch of Chinese generative AI program DeepSeek. Despite the dip, Nvidia shares closed higher for the week.