Render

Cryptocurrency

Meta

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/meta-shares-soar-as-company-declares-initial-dividend-and-continues-buyback">Meta Shares Soar as Company Declares Initial Dividend and Continues Buyback</a><br></p>
<p style="text-align: justify">Tech heavyweight Meta recently declared its inaugural dividend, coinciding with a robust revenue report that surpassed expectations, attributed to solid sales in advertising and devices over the holiday period. The company delighted investors with a $0.50 per share dividend, along with the announcement of a massive $50 billion in additional share repurchases. This financial update propelled Meta shares up by more than 10%, with a notable uptick in the value of AI-focused cryptocurrencies.</p> 
<h2 id="meta-ignites-ai-cryptocurrency-market">Meta Ignites AI Cryptocurrency Market</h2> 
<p style="text-align: justify">Meta’s CEO, Mark Zuckerberg, shed light on significant advancements within AI and metaverse technology under the company’s purview. Reporting a 25% leap in quarterly revenue to $40.1 billion, Meta exceeded market expectations significantly. The positive financial disclosure sparked a surge in specific AI altcoins, such as Render and Fetch.ai, with the Computing Select Index, which tracks AI-related cryptocurrencies, witnessing a roughly 10% rise in value within 24 hours, contrasting <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoin-will-reach-all-time-high-faster-than-expected">Bitcoin</a>‘s more modest 2% increase.</p> 
<p style="text-align: justify">Within the said index, Render and Akash Network’s prices saw a respective upswing of 4.1% and 5.2%. Both currencies are recognized for holding substantial market capitalization within the AI cryptocurrency segment.</p> 
<h2 id="meta-s-ai-commitment-elevates-stock-value">Meta’s AI Commitment Elevates Stock Value</h2> 
<p style="text-align: justify">Despite previous setbacks, with Meta incurring over $20 billion in losses since discarding its metaverse projects, Zuckerberg’s renewed focus on AI has reinvigorated investor confidence. Meta shares had plummeted by approximately 60% in 2022, but the pivot towards AI has since doubled the company’s stock value. Currently, Meta shares are trading at $461.20, marking a significant increase of 16.85% prior to the latest trading session, following a modest rise at the close of February 1st.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/meta-shares-soar-as-company-declares-initial-dividend-and-continues-buyback">Meta Shares Soar as Company Declares Initial Dividend and Continues Buyback</a></h5>

Meta Shares Soar as Company Declares Initial Dividend and Continues Buyback

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