Reported 26 days ago
After Meta Platforms reported strong third-quarter earnings with an increase in revenue and user engagement, analysts have revised their stock price targets, reflecting confidence in ongoing investments in artificial intelligence. Meta's CEO Mark Zuckerberg emphasized the necessity of significant capital expenditures to support AI infrastructure, leading to an expected growth in expenses. The company's capital expenditures are projected to reach up to $40 billion in 2024, with significant growth anticipated in 2025 as AI-driven improvements impact business performance and future product developments.
Source: YAHOO