Meta's AI Push and User Growth Signal Strong Long-Term Buy Amid Q1 Volatility
May 15, 2024
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
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InvestorPlace • May 14, 2024
Meta Platforms Stock: Sell in May and Go Away or Buy the Dip?