Meta Platforms Bought Some Time With Long-Term AI Potential

Posted on: April 26,2024
On Wednesday, Meta Platforms Inc (NASDAQ: META) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled. Like Apple Inc (NASDAQ: AAPL), Meta didn’t talk much about AI, until now. During the earnings call, Meta CEO Mark Zuckerberg detailed the company’s AI roadmap, hinting at a shift from chatbots to AI agents, highlighting...
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