Here's the Real Winner From Meta Platforms' Latest Announcement
Artificial intelligence (AI) is an incredible technology that is changing how business is conducted and how people search the internet. However, this isn't happening without substantial input costs. Many big tech firms are investing millions (if not billions) of dollars into their computing infrastructure to support the rise of AI.
However, not all investors like this. If these companies spend on infrastructure, they're posting smaller profits. That's not music to the market's ears, so when companies mention that, they can get hit. That's exactly what happened to Meta Platforms (NASDAQ: META) after it reported first-quarter results. But the information companies like Meta give investors during their conference calls can be like gold, as the crumbs of all the conference calls reveal one clear winner.
In Meta's Q1 conference call, Susan Li, Meta's CFO, discussed the company's investment in AI infrastructure:
Source Fool.com
Meta Platforms Inc. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 9.96% for Meta Platforms Inc. compared to the current price of 454.7 €.
