In the world of artificial intelligence (AI), a battle is underway. On one side are companies that believe in keeping the datasets and algorithms behind their advanced software private and confidential.
Despite its massive reach, Meta Platforms is still expanding.
Thanks to the increased curiosity in ideas like the metaverse, virtual reality (VR) stocks are among the most sought-after investment choices available these days. Reflecting a yearly increase of around 42%, the VR market size is expected to reach about $22.81 billion in 2024 and soar to $131.93 billion by 2029.
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Meta is already using AI to make money. The company has multiple AI efforts underway that could pay off big-time in the future.
Meta Platforms ( META ) reported earnings Wednesday after the close beating analysts' estimate and displaying continued strong growth for both the top and bottom line. Revenues grew 22% YoY, total daily active users (DAUs) grew 7% YoY to 3.27 billion, and the company repurchased $26 billion of shares.
Meta Platforms (META) shares rose Thursday after analysts lifted their price targets for the stock, citing positive signals surrounding the tech giant's artificial intelligence (AI) opportunity.
Needham analyst Laura Martin maintained a Sell rating on Meta stock. She pointed to higher losses at the company's Reality Labs as shares soared Thursday in a down market.
Meta (META) shares jumped on Thursday as the company's second-quarter results eased some of Wall Street's fears about overspending on artificial intelligence.
Meta Platforms Inc META gets higher price targets from analysts on the strength of its artificial intelligence initiatives, though with some concerns about higher spending, after reporting second-quarter financial results that beat estimates.
Meta Platforms crushed sales and earnings expectations in Q2. The strong performance reflected encouraging engagement and monetization trends across its platforms.
Meta Platforms Inc (NASDAQ:META) is trying to keep the tech sector afloat today.