Tech stocks inch up as Meta reportedly nears multibillion-dollar AI investment
- S&P 500 increased by 0.55 % on Tuesday, when technical stocks, including Meta and Google, rose up.
The customs tariff may leave a cloud on the stock market, but technology companies continue to rise up, backed by the investor ‘stirring up on artificial intelligence. On Tuesday, the Meta share price increased by 1.20 %, amid reports that the social media giant in Mark Zuckerberg plans to invest about $ 15 billion in the AI’s startup scale.
Meta was not the only technological company that got a batch on Tuesday. Apple shares increased by 0.61 %, despite the dull performance at the annual developer conference, while Tesla has recovered by 5.67 % as the general dispute between Elon Musk and president Donald Trump became more complete. Overall, S&P rose 500 0.55 %.
Although the remaining markets in Green, investors are still cautious with the continued trade talks between the United States and China in London. Trade Minister Howard Lootnick told reporters on Tuesday that discussions with Chinese economic officials are going well. He said, “We spend a lot of time together.”
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Meta has kept its position as one of the best American technology companies, although high obstacles over the past few years. This includes its catastrophic axis on Metaverse, and its most modern equipment to keep pace with the artificial intelligence arms race with competitors, including Google and Openai.
In its latest attempt to support resources, Meta builds the new “Superinteigence” research laboratory-a term for the artificial intelligence system that goes beyond the collective intelligence of humanity-is likely to be headed by the 28-year-old billionaire founder in Scale Ai, Alexandr Wang. According to reports from Bloomberg Information, the deal to bring Wang on board will require an investment within the AI range with a total of about $ 15 billion.
Although this step may not be sufficient to compete with Meta with other AI laboratories, the company’s shares still rise by 1.20 %, up to 4.85 %. Google increased by 1.29 % on Tuesday.
As for Tesla, despite the stumbling block on Tuesday, Tesla still declined by 5.55 % during the past week. The company plans to launch a long -awaited self -driving taxi service in Austin by the end of the month.
Stableco Circle, the company, StableCoin Company, maintained most of its huge gains from its first year offer last week, hovering about $ 105, although it decreased 8.31 % per day. As the congress approaches the passage of historical legislation that would establish an organization for Stablecoins, a type of cryptocurrency -backed currency, Circle had the largest pop -top pop music for public subscription that collected more than 500 million dollars since 1980. Analysts said that Circle’s performance could encourage other technology companies and encryption for the public, where he announced ExchandE Gemini that it included an improved.
This story was originally shown on Fortune.com
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2025-06-10 20:12:00
