Reported 3 months ago
Investors are closely monitoring Meta Platforms Inc. as it aims to assure Wall Street of the value of its heavy spending on artificial intelligence, following recent letdowns from Microsoft and Alphabet. Analysts expect Meta's capital expenditures to reach $9.5 billion for this quarter, a significant increase from last year. With mixed sentiments surrounding the efficacy of their spending strategy, the company’s upcoming report may lead to notable market movements.
Source: YAHOO