META
Communication Services · Interactive Media & ServicesMETA PLATFORMS INC CLASS A
$632.67
+0.66%
AI Research
$27B Nebius GPU deal + 20% workforce cut → +2.11%
Meta signed a 5-year $27 billion deal with Nebius for GPU-as-a-Service to power its aggressive AI buildout, boosting the stock over 2%. The company is simultaneously planning to slash its workforce by at least 20%, which investors view positively as it supports AI-driven productivity gains and margin improvement. These moves reflect Meta's dual strategy of cutting costs while dramatically scaling AI infrastructure spending.
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