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Meta Gains, Robinhood Mixed, Delta Rises as Travel Demand Withstands Fuel Costs
Description
On this episode of Stock Movers:
--Meta (META) shares are up. Meta is developing plans for a cloud business, which could include selling access to various AI models hosted on Meta's existing AI infrastructure or selling access to "raw" computing capacity.
-Robinhood (HOOD) shares are mixed. Rabid interest in the World Cup has helped to drive more than $3 billion of wagers on a prediction market backed by Robinhood Markets Inc. and Susquehanna International Group, which launched just a few months ago.
--Delta (DAL) shares rise. Delta Air Lines Inc. reaffirmed its full-year profit guidance and said strong demand for premium, corporate and international travel helped offset the highest quarterly fuel expense in its history.
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