Meta's investors are worried about the billions it's spending on AI—but its advertising empire makes it a positive, Deutsche Bank says [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
was raising its estimates for capital expenditures, which includes spending on AI training and data centers, by billions of dollars—and it anticipates it will scale up even more down the line. Meta raised its spending estimates to $35-$40 billion, up from $30-$37 billion. “We expect capital expenditures will continue to increase [in 2025] as we invest aggressively to support our ambitious AI research and product development efforts,” CFO Susan Li said. Those huge spending numbers scared investors enough to send shares plunging up to 16% immediately following the release . But Deutsche Bank says shareholders are wrong to fear Meta's huge wager on AI: its pole position in the advertising game makes it a prime contender to benefit in the long run. “As the fastest growing ad platform at scale, we argue Meta is actually leaning into Gen AI from a position of strength,” wrote the bank in a research note issued following the earnings release. “Meta is entering an investment cycle. We h
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News
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- Mnuchin Believes TikTok Algorithm Could Be Rebuilt If He Buys It [BNN Bloomberg (Canada)]BNN Bloomberg
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 144
- 5/7/24 - Form PX14A6G
- META's page on the SEC website