Meta Platforms Inc

Hedge funds' favorite stocks have crushed the broader market in 2023, returning 31%, thanks to mega-cap technology companies, according to Goldman Sachs. The Wall Street bank analyzed the holdings of 735 hedge funds with $2.4 trillion of…

Elon Musk arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Leah Millis |…

A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Money managers betting on a sustained global rebound will be left sorely disappointed in the second…

Steve Mandel's Lone Pine Capital opened a huge stake in Meta during the third quarter, regulatory filings show. The billionaire hedge-fund manager known as one of the Tiger Cubs thanks to his work with the late Julian Robertson in the…

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesU.S.-listed shares of Chinese e-commerce giant Alibaba slid Thursday after it…

Appaloosa Management's David Tepper upped his stake in a handful of big technology names in the latest quarter — with one notable exception, regulatory fillings show. The hedge fund manager lifted his holdings in stocks including…

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, attends a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesMaybe…

Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts'…

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023.Brendan Mcdermid | ReutersSemiconductor technology company…

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations.It didn't matter.Following better-than-expected results on the top and bottom lines…