Veteran fund manager sets new Meta Platforms stock price target. Meta, parent of Facebook, Instagram, Messenger, Threads, and WhatsApp, is making strides in AI. CEO Mark Zuckerberg sees AI efficiency across ad system. Meta beat Wall Street forecasts, stock up 52%. Analyst raises Meta price target to $850. Meta, Amazon, Alphabet, Microsoft to spend $364 billion in 2025. Meta plans to spend $66-72 billion in 2025. Investment firms react to Meta’s capital expenditures. Concerns raised about Meta’s high capital spending. Amazon’s capex also impacting earnings and margins. 1. The stock market surged today, with the Dow Jones reaching a record high of 30,000 points. This milestone comes amid positive news regarding COVID-19 vaccines and hopes for a strong economic recovery in 2021.

2. In international news, tensions are rising between the United States and Iran after the assassination of a top Iranian nuclear scientist. Iran has vowed to retaliate, raising concerns about further destabilization in the region.

3. On the COVID-19 front, cases continue to rise across the United States, with hospitals reaching capacity in many states. Health officials are urging the public to follow safety guidelines and avoid large gatherings during the upcoming holiday season.

4. In technology news, Apple has announced the release of its newest product, the AirPods Max. Priced at $549, these over-ear headphones boast high-quality sound and noise-canceling features, catering to audiophiles and tech enthusiasts alike.

Read more at Yahoo Finance: Veteran fund manager turns heads with new Meta Platforms stock price target