Meta's Push Into Artificial Intelligence Powers A Turnaround Story

Meta Platforms (META) is testing the 50-day and 21-day moving averages, with the stock bouncing off the 21-day line and nearing an early entry point, after a strong year driven by improving advertising business, AI products, and cost-cutting measures.

investors.com

Relevant topic timeline:

7/27/2023

Meta’s Growth Rebounds, With Caveats

- Meta Platforms (formerly Facebook) reported 11% growth in revenue for the second quarter, outperforming Google in ad growth. - The company projected third quarter growth of up to 24.5%, which would be the first time since late 2021 that Meta has achieved 20% or more growth. - Meta's stock rose as much as 8% in after-hours trading, reaching its highest point since February 2022. - However, the improvement in Meta's business is partly due to diminished foreign exchange pressures, which weighed on revenues last year. - The third quarter projection assumes that the dollar will add three percentage points to reported growth.

7/31/2023

Meta Platforms: The Big Rebound (NASDAQ:META)

The article mentions Meta (NASDAQ:META) stock. The author does not explicitly give a recommendation to buy, hold, or sell the stock. The author's core thesis is that Meta has experienced a remarkable turnaround, with revenue accelerating, margins improving, and positive outlook. The key information and data provided include Meta's revenue growth in Q2, the improvement in advertising revenue from its Family of Apps, the growth in Family Monthly Active People, the increase in ad impressions and decrease in average price per ad, the progress in Reels engagement and monetization, the profitability and financial health of Meta, the company's outlook for Q3, and the valuation of Meta stock.

8/21/2023

Why Meta Platforms Stock Topped the Market Today

Meta Platforms (formerly known as Facebook) is planning to roll out a web version of its micro-messaging service, Threads, which caused investors to trade Meta's stock up by over 2%.

8/31/2023

Meta Platforms Leads Ad Rebound Thanks To AI (NASDAQ:META)

Meta Platforms is outpacing its competitors in the advertising industry's rebound, thanks to its investments in AI, while Google and Snap struggle to show significant growth, strengthening the bullish thesis for Meta and weakening the theses for Google and Snap.

9/11/2023

Meta Makes Moves in AI with Nvidia Partnership

Meta Platforms is bolstering its position as a contender in the artificial intelligence industry, aided by news of its ambitions in this rapidly growing sector, resulting in a rise in the company's stock and support from Nvidia.

9/22/2023

Meta's Stock Could Soar in Months Ahead on Ads and AI Growth Potential: Analyst

Citi analyst predicts that Meta Platforms stock could see significant gain in the next three months due to advertising and artificial intelligence.

9/22/2023

Cramer: Meta Stock Rebound Has Room to Run on Reels Strength and Upcoming VR Conference

Analysts at Citigroup believe that Meta Platforms (formerly Facebook) will continue to perform well in the stock market due to the company's virtual reality conference and its success in online advertising, according to CNBC's Jim Cramer.

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Posted 9/6/2023, 6:07:00 PM

Meta's Push Into Artificial Intelligence Powers A Turnaround Story

investors.com

Relevant topic timeline:

7/27/2023

Meta’s Growth Rebounds, With Caveats

7/31/2023

Meta Platforms: The Big Rebound (NASDAQ:META)

8/21/2023

Why Meta Platforms Stock Topped the Market Today

Meta Platforms (formerly known as Facebook) is planning to roll out a web version of its micro-messaging service, Threads, which caused investors to trade Meta's stock up by over 2%.

8/31/2023

Meta Platforms Leads Ad Rebound Thanks To AI (NASDAQ:META)

9/11/2023

Meta Makes Moves in AI with Nvidia Partnership

9/22/2023

Meta's Stock Could Soar in Months Ahead on Ads and AI Growth Potential: Analyst

Citi analyst predicts that Meta Platforms stock could see significant gain in the next three months due to advertising and artificial intelligence.

9/22/2023

Cramer: Meta Stock Rebound Has Room to Run on Reels Strength and Upcoming VR Conference