From Nasdaq: 2024-06-07 15:00:00

Meta Platforms is utilizing AI and machine learning to enhance its social media platforms like WhatsApp, Instagram, and Facebook. GenAI is revolutionizing conversational commerce on WhatsApp, enabling transactions like ride-hailing and grocery purchases. Businesses on WhatsApp can now utilize AI tools to improve customer service and create ads on Facebook and Instagram.

Through the adoption of AI, Meta Platforms is boosting Facebook’s appeal among young adults, a demographic that favors Snapchat and YouTube. Despite regulatory challenges, Meta’s AI capabilities are improving user experiences and revenue performance. The company is investing heavily in AI services, with a focus on developing advanced models and AI infrastructure.

Investors should keep an eye on Meta Platforms’ long-term prospects driven by AI advancements. However, increased investments in AI infrastructure may impact short-term growth and margins. Despite strong revenue growth projections for 2024, META is currently trading at a premium valuation. Investors may want to wait for a better entry point before considering investment in Meta Platforms.

Zacks experts have identified a little-known chemical company with significant growth potential. With strong earnings estimates and a commitment to share repurchases, this company could offer explosive upside. Retail investors looking for opportunities similar to past successes like Boston Beer Company and NVIDIA should consider this stock with potential for significant growth.



Read more at Nasdaq: Does META’s Expanding AI Prowess Make the Stock Worth Buying?