Reported 26 days ago
Meta Platforms surpassed Wall Street expectations for Q3 earnings with revenues of $50.59 billion and EPS of $6.03. Despite these positive results, analysts express concerns over Big Tech's potential capital expenditure issues related to AI advancements. Jefferies analyst Brent Thill highlights that the current pressures in the tech sector are more about market uncertainties rather than individual company performances. He asserts that Meta's AI investments are proving effective, suggesting it is a good time for investors to consider buying the stock.
Source: YAHOO