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Meta Stock Rises 5.97% to $669.21 on July 10 as AI Revenue Strategy Emerges

GateNews
AI Industry NewsStocks
META6.01%

According to Yahoo Finance, Meta shares rose 5.97% to $669.21 on July 10, recovering as concerns about heavy capital expenditure and AI profitability eased. CEO Mark Zuckerberg is considering leasing AI computing power to third parties—potentially competing with AWS-style cloud services.

Meta announced the Muse Spark 1.1 AI model with competitive pricing: $1.25 per 1 million input tokens and $4.25 per 1 million output tokens—significantly lower than Anthropic's $5 and $25 rates, respectively. Analysts expect the lower cost to attract price-sensitive developers.

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