Reported 2 days ago
Jim Cramer recently analyzed Meta Platforms' increased capital expenditure forecast, raising it from $60-$65 billion to $64-$72 billion, emphasizing the company's strong user base and advertising growth. He indicated that both Meta and Microsoft are committed to investing in their data centers, which he views positively despite potential market skepticism. Cramer noted that Meta's ad revenue is growing significantly faster than competitors like Google and YouTube, which may lead to conservative Wall Street projections being underestimated given the current favorable trends.
Source: YAHOO