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Meta (META) Soars as It Cuts Metaverse Spending and Bets Big on AI Hardware

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The Story

News Summary

  • Meta is cutting its metaverse Reality Labs budget by up to 30%, shifting focus to AI and AI-linked hardware after $70 billion investment with limited success, signaling a strategic pivot toward near-term AI revenue streams.
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Stored market data

META price history

648.03 +5.98% over the displayed period

Advisor Snapshot

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