Meta and IBM: Contrasting Fortunes in AI and the Metaverse
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Meta Platforms faces challenges with its metaverse bet and possible disruption from Web3, while its stock looks overvalued.
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Alphabet is a leader in AI with products like YouTube, Google Photos, and Google Maps using ML, and recently launched the ChatGPT competitor Google Gemini.
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Alphabet is flexible and built for long-term success compared to the more limited Meta Platforms.
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IBM is quietly winning long-term AI contracts from business customers who rigorously test the tech before committing.
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IBM's valuation looks attractive compared to Meta's loftier multiples, making it another good AI stock pick.