Reported about 10 hours ago
An analyst explains that Meta Platforms Inc. signed a $14 billion deal with CoreWeave to secure computing power while managing capital expenditures and risk. Despite having significant data center capacity, the strategic move allows Meta to limit financial exposure, especially amid a slowdown in digital advertising growth. With a massive user base and advancing AI infrastructure, Meta aims to sustain revenue growth, though upcoming expenditures could impact stock performance.
Source: YAHOO