From Nasdaq: 2024-11-19 04:05:00

Meta Platforms (NASDAQ: META) has spent billions on its Reality Labs project, including AI research. Llama, its large language model, has gained traction with over 500 million monthly users. Meta AI chatbot is now a leader in generative AI, driving an 8% increase in Facebook and Instagram usage. The company’s advertising revenue jumped 19% in the third quarter, showcasing growth and profitability.

Meta Platforms has also integrated AI into Ray-Ban smart glasses, potentially boosting adoption. Despite challenges in the wearable tech market, Meta’s stock remains attractive with strong growth, high profit margins, and a leading AI chatbot. The Motley Fool Stock Advisor recommends other stocks for investors to consider, but Meta Platforms continues to show promise for investors.



Read more at Nasdaq: Billionaire Mark Zuckerberg Has Transformed Meta into a Generative AI Leader. But Is the Stock a Buy?