Posted 1/3/2024, 2:00:00 PM
Meta Rebounds Towards $1 Trillion Value on AI Bets and Cost Cuts
- Meta Platforms stock has rallied 200% in the past year and is knocking on the door of a $1 trillion valuation
- Meta aggressively cut costs in 2022 to get its financials back on track
- Meta is becoming an AI powerhouse, spending billions on AI resources and implementing it across its products
- Analysts estimate Meta's earnings can grow 20% annually over the long term
- Meta has shown it can rebound from adversity, and still has many growth opportunities ahead in areas like AI