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Meta platforms (meta) stock is jumping in thursday's premarket trading on reports that the company will be cutting its metaverse budget by up to 30%, according to bloomberg reporting Rbc did not specify a prior. Brian sozzi is yahoo finance's executive editor and a member of yahoo finance's editorial leadership team

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Follow sozzi on x @briansozzi, instagram, and linkedin Aol latest headlines, entertainment, sports, articles for business, health and world news. Yahoo finance's jared blikre discusses how stocks opened on wednesday and whether the market has reached a bottom yet.

“diversity of chips in the ai market is a good thing,” aws vice president of compute and machine learning dave brown told yahoo finance in an interview.