Reached the limit of investment? Report: Meta tightens investment in the metaverse department.

Mark Zuckerberg's dream of the metaverse has become bleak. With increased investment in AI, Meta continues to reduce staff in its Reality Labs division and requires its hardware team to cut spending by nearly 20% by 2026. Meta believes it has made significant investments in Reality Lab, but the division has accumulated losses of over $55 billion since 2019.

wallstreetcn54minutes ago

Citigroup: OpenAI will become Broadcom's fourth-largest customer, and the new AI chip is expected to be delivered in the second half of next year.

Will OpenAI start another bloody battle in the chip market by switching from nvidia's GPUs to broadcom's ASICs?

wallstreetcn03:29 ET

Options Market Statistics: Nvidia, Chip Stocks Rebound After Sell-Off, Options Pop

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Options Newsman21:08 ET

Goldman Sachs' top stock analyst: AI will not trigger an economic revolution, the bubble will burst eventually.

Jim Covello believes that the economic benefits brought by AI are not even comparable to those of smart phones and the internet; AI replaces low-paying jobs with expensive technology, which is completely opposite to the technological transformation that has occurred in the technology industry in the past thirty years.

wallstreetcn18:18 ET

Why 'Unloved' Small-cap Stocks Are in Store for a Strong Second Half - Carson's Detrick

Seeking Alpha17:37 ET

Ultraman is building a 7 trillion chip empire? OpenAI and Broadcom may collaborate to develop AI chips.

The media reported that OpenAI is trying to create its own chips, recruiting former Google AI chip-related employees to develop an AI server chip. OpenAI CEO Altman plans to establish a new company with external investors to bear the cost of building a new datacenter to accommodate the new ai chip.

wallstreetcn17:18 ET