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Meta Platforms saw its stock surge 15% last week, the best run since early 2024, following the unveiling of "Meta Compute." This new initiative aims to monetize Meta's extensive AI infrastructure by selling computing capacity and models to external clients, addressing investor concerns over massive AI spending. While Wall Street embraced the potential for significant EPS growth, Meta faces challenges, including its lack of experience in the cloud market and competition from entrenched hyperscalers.
Micron Technology has become a Wall Street favorite, with its valuation soaring amidst booming demand for AI memory chips, particularly High-Bandwidth Memory (HBM). Its stock surged over 236% in a month, briefly surpassing Meta and Tesla's market cap, driven by blockbuster earnings and strategic long-term agreements to mitigate market volatility.
A *Wall Street Journal* investigation reveals Polymarket allegedly paid creators to post over 1,100 fake social media videos depicting false betting wins. These videos deceptively showed $900,000 in winnings on bets that would have lost $166,000, without disclosing they were paid promotions. Many clips and related fake sites were removed after the inquiry.
