Meta Stock Rallies As Aggressive AI Spending Pays Off In Ads
Meta has bucked the trend of other big tech companies like Microsoft and Tesla, whose shares tanked after they revealed soaring spending on AI but few concrete pathways to profit from the technology.
Topline
Meta shares soared during premarket trading on Thursday, extending a rally from the day before after the social media titan reported strong earnings in its core ad business as CEO Mark Zuckerberg strives to soothe investor concerns over the c... [3647 chars]
Published by: Forbes
Read full article here: https://www.forbes.com/sites/roberthart/2024/08/01/meta-shares-rally-as-tech-giants-aggressive-ai-investments-start-paying-off/
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