AI Stocks-Meta Platforms (META)

Despite increased expenses totaling $25 billion, effective management and operational efficiency allowed $Meta Platforms(META.US)$ to remain highly profitable. That means the company is growing and delivering value to shareholders. Among the key drivers of this strong growth is Meta’s continued investments into its AI tech, with these investments funded by its cash cow — the company’s core social media base.

In the most recent quarter, Meta outperformed revenue expectations with a 23% surge to $34.15 billion and earnings per share at $4.39. The tech giant also doubled its operating margin to 40%, an impressive achievement. However, fears of economic volatility triggered an 8% stock drop last week. It’s now priced at $310. This quarter marked the company’s peak profitability, with a projected growth trend through 2024.

Meta Platforms aimed to enhance its social sites like Facebook and Instagram with AI chatbots. These virtual assistants would offer users helpful support and companionship. The innovation hints at Meta’s future potential in the AI landscape, exciting passionate investors.