Meta's AI Push and User Growth Signal Strong Long-Term Buy Amid Q1 Volatility
May 16, 2024![Meta's AI Push and User Growth Signal Strong Long-Term Buy Amid Q1 Volatility](https://cdn.brief.news/images/stories/aaebb5e90c2e3ed5a0e95d2e06f89de0c0c8c7cd6fb72c889f341b2b77f42de7669c13605eab0a56e5801ccd9da8232a9b779b3406590ca0e5d2a70d00fe6d0d.png)
Meta Platforms endures short-term stock volatility post-Q1 2024 earnings report.
Long-term investment potential highlighted by massive AI investments and user growth.
Company earmarks $35-40 billion for AI research to improve user experiences.
Daily active users reach 3.24 billion, with average revenue per user climbing to $11.20.
Meta's data dominance and advertising prowess underscore a significant competitive moat.
Introduction of the first dividend reflects management's confidence in Meta's financial stability.
Analysts suggest buying the dip in Meta stock could be a prudent move for long-term gains.
Summary based on 1 source
Get a daily email with more AI stories
Source
![Meta Platforms Stock: Sell in May and Go Away or Buy the Dip?](https://cdn.brief.news/images/links/aaebb5e90c2e3ed5a0e95d2e06f89de0c0c8c7cd6fb72c889f341b2b77f42de7669c13605eab0a56e5801ccd9da8232a9b779b3406590ca0e5d2a70d00fe6d0d.png)
InvestorPlace • May 14, 2024
Meta Platforms Stock: Sell in May and Go Away or Buy the Dip?