Stock summary: Meta had overall surge of 9.97% as the tech-giant revealed its Q4 earnings this week
Meta Platforms Inc closed at 689.18 USD, recording a significant gain of 62.50 points (9.97%) over the past five days.
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Meta Platforms Inc closed at 689.18 USD, recording a significant gain of 62.50 points (9.97%) over the past five days.
NVIDIA Corporation (NVDA) traded at 143.93 USD, down −1.87%, with a market cap of 3.52 T USD.
Tesla, Inc. (TSLA) continued its upward trajectory, gaining 3.22% to reach a price of 297.82 USD
The changes include a new “local” section in the Facebook app that surfaces information relevant to users' communities, an increased emphasis on event recommendations, and a “Communities” feature for Messenger. Meta aims to create a more engaging experience for young adults.
The launch of "Meta Movie Gen" introduces an AI-driven video creation tool that enables users to generate videos from text prompts and personal images. This innovative model offers editing capabilities and audio generation, marking a significant advancement in the realm of generative AI.
While Meta has made strides with its Orion AR glasses, Apple remains in the early stages of developing its own AR glasses. Apple's focus on ensuring that the design closely resembles regular eyewear is delaying the launch, but experts believe the company is working toward an eventual product that could even replace the iPhone.
Meta is set to unveil the Orion AR glasses and Quest 3S at its upcoming Meta Connect 2024. The event will also showcase enhanced AI capabilities, particularly leveraging the Llama 3.1 large language model to improve existing features on devices.
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