AI investments fuel growth as stock soars By Investing.com
Meta Platforms (NASDAQ:), Inc., the tech giant formerly known as Facebook, continues to dominate the social media landscape while aggressively pursuing new frontiers in artificial intelligence (AI) and augmented reality (AR). As the company navigates an evolving digital ecosystem, investors and analysts are closely watching its strategic moves and financial performance.
Strong Financial Performance Driven by AI Advancements
Meta’s recent financial results have exceeded expectations, with the company reporting impressive growth in its core advertising business. In the third quarter of 2024, Meta surpassed street estimates with revenues and earnings per share beating projections by 1% and 16%, respectively. This outperformance was…
