The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 1, Meta shares jumped on reports that the company plans to launch an AI cloud business targeting external customers. On the same day, the Dow Jones Industrial Average hit a new record high, while semiconductor stocks fell 4.5%, dragging down the Nasdaq 100. On July 3, it was reported that Meta is partnering with Samsung to manufacture AI chips in a deal valued at approximately $6.5 billion.