Meta Platforms Inc. Announces Key Developments

Meta Platforms Inc. has made several significant announcements in recent days, resulting in a notable increase in its stock price. The company has secured a major contract with the U.S. Army, which is expected to contribute positively to its business.

Key Developments

• Meta has signed a 20-year agreement with Constellation Energy to purchase nuclear power, aimed at meeting the growing energy needs of its artificial intelligence data centers.
• The company has proposed a plan to fully automate its ad creation process, leveraging advancements in artificial intelligence.

Stock Performance

Meta’s stock price has experienced a notable increase, rising by over 3% in a single day. This surge continues the company’s upward trend, following a strong gain in May.