Meta investors who trust Mark Zuckerberg have been rewarded as the stock outperformed the market significantly over the past year. The market likely understated Meta's ability to embed AI and drive growth in its core business previously. Zuckerberg has upped the ante against its big tech peers, as AI CapEx is expected to surge through 2025.
The company announced it will increase capital expenditures significantly in 2025.
This company is taking a long-term approach to investing in the future of artificial intelligence.
Steve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to discuss why he's adding to his Meta position.
Meta Platforms Inc. NASDAQ: META has, for the most part, enjoyed a stellar year. Shares of the tech titan have been building on a 550% rally that has been underway since October 2022, and there are several reasons to be excited about them heading into next year.
Meta Platforms mentioned it will continue to invest heavily in AI infrastructure.
Meta Platforms (META) exceeded Wall Street's third quarter earnings expectations, delivering strong results on both revenue and profit. Yet the stock has slipped as analysts grow concerned over whether Big Tech could have a new CapEx spending problem around AI.
Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts.
In light of its Q3 2024 report, Meta Platforms, Inc. stock plunged by over 5% in today's session, despite beating street estimates on top and bottom lines. With Q4 sales guidance falling a little short of estimates, Zuckerberg & Co. returning to free spending ways seems to be rocking the boat for some investors. However, Meta is delivering exceptional business performance, and remains an attractively valued cash printing machine!
Meta Platforms (META) will double down in A.I. off promises to spend more on the technology.
Wolfe Research Analyst Shweta Khajuria joins Caroline Hyde and Ed Ludlow to break down earnings results from Meta and Uber and what to expect from Amazon earnings coming out after the closing bell. She speaks on "Bloomberg Technology.
Meta's Q3 2024 earnings beat EPS and revenue estimates, yet shares dropped ~3% in after-hours trading. Driven by AI advancements and better ad performance, Meta reported 20% revenue growth in constant currency, with ad impressions and price per ad also increasing. Meta Platforms' CapEx is set to increase significantly next year as it continues to invest in AI.