No Data
Mark Zuckerberg Says Meta's $405B Model Llama 3.1 Has Better Cost Performance Than OpenAI's ChatGPT: This Is An 'Inflection Point In The Industry'
Big companies are determined to burn money! After a big drop is a big rise, Nvidia's volatility has surpassed that of bitcoin.
Tech giants are firmly investing in AI, and such investment is currently helping to boost performance. More importantly, investing in AI has become a matter of survival as the risk of insufficient investment is far greater than that of excessive investment.
After-hours trading rose nearly 7%! Meta's Q2 report and next quarter's guidance exceeded expectations, and did not increase the annual capital expenditure limit.
However, the company expects that infrastructure costs will become an important driving factor for expenditure growth in 2025. The operating loss of this year's 'MetaVerse' Reality Lab will increase significantly compared to the previous year. AI investment will also significantly increase capital expenditure in 2025. CEO Zuckerberg said that by the end of this year, Meta AI is expected to become the most widely used artificial intelligence assistant in the world.
Powell hinted at a rate cut in September, resulting in the largest five-month gain for the S&P NASDAQ in nearly five months. Nvidia surged nearly 13%, while oil prices rose 4%.
S&P 500 rose more than 2%, while Nasdaq rose more than 3%, both achieving their best daily performance since February. In July, Nasdaq was the only major index to fall but stopped its two-month rise. The small-cap stock index rose by 10% and was the best this year so far. On Wednesday, the chip stock index surged by 7%, but it fell more than 4% monthly, while Nvidia rose by nearly 13% but fell more than 5% monthly. Qualcomm closed up more than 8%, and the financial report exceeded expectations but fell after hours. Arm rose more than 8%, but poor revenue outlook for the year led to a drop of more than 13% after hours. Meta's capital expenditure in the second quarter was lower than expected and did not raise the upper limit of the annual interval again, rose 5% after hours. Japan's central bank raised interest rates, causing the yen to rise by 2%. It is the first time in four months that the yen has risen above 150, and it rose nearly 7% in July, the best in 20 months.
Russell 2000 Rise: Top 5 Best, Worst Performers During July's Rally in Small-cap Stocks
Snap Stock Is Moving Higher After The Close: What's Going On?
