Meta Slashes Metaverse Budget as Zuckerberg Shifts Focus to AI
Meta plans up to 30% budget cuts for metaverse projects including Horizon Worlds and Quest VR, with potential January layoffs as focus shifts to AI development.
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JPMorgan Turns Bullish on Toast: Analyst Sees Big Upside Ahead
JPMorgan upgrades Toast to Overweight, keeping a $43 price target. The firm highlights strong growth, rising estimates, and potential upside if interchange fees face regulation.
UiPath Swings to Profit as AI Automation Demand Surges
UiPath reports Q3 profit with 16% revenue growth to $411M, driven by healthcare and financial services adopting AI automation. ARR grows 11% to $1.78B.
Snowflake's Q4 Outlook Misses Expectations Despite Strong Q3 Results
Snowflake reports 29% product revenue growth but Q4 operating margin guidance falls short of analyst estimates, raising AI profitability concerns.
Salesforce Beats Expectations with Strong AI Tool Growth and Outlook
Salesforce surpasses revenue forecasts with $11.2B guidance, driven by Agentforce AI adoption. Stock jumps 5% as company reports 9,500+ paid AI deals and strong bookings growth.
POET Technologies Surges as Marvell–Celestial AI Deal Highlights Its Role in the AI Boom
POET Technologies jumps as Marvell’s acquisition of Celestial AI boosts confidence in photonics demand and validates POET’s technology and sales outlook.