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U.S. markets were mixed as investors reacted to a wave of corporate earnings. Alphabet surged on record revenue, while Chipotle and Meta shares fell on weak results.
Meta Platforms stock is on a seven-day winning streak, surging past $750 per share ahead of its Q3 earnings report amid a major restructuring of its AI division.
Citizens has raised its price target for Meta Platforms (META) to $900, citing strong growth driven by the company's advancements in artificial intelligence.
Meta Platforms is leveraging its massive cash flow from social media to fund major AI initiatives, with analysts seeing significant growth potential and a 22% upside.
Broadcom, Meta Platforms, and Microsoft have positioned themselves as leaders in the artificial intelligence sector through strategic initiatives in hardware, software, and cloud computing.
Lithium Americas stock surged 23% after the U.S. government announced a 5% stake in the company and its Nevada lithium mine. Meanwhile, Meta Platforms and Netflix shares declined.
CoreWeave's stock surged nearly 14% after the AI data center provider announced a new cloud computing deal with Meta Platforms valued at up to $14.2 billion.
