Although Meta is pursuing the same AI technology gains as its rivals, analysts say it’s doing a better job explaining why AI matters to its bottom line — with Meta’s AI-driven growth in revenue boosting investor confidence and driving its stock up.
Meta has raced ahead of Big Tech peers like Google parent Alphabet, Apple and Microsoft in year-to-date stock gain, growing over 53% year-to-date at the time of writing, compared to about 20% for Alphabet, 22% for Apple and 12% for Microsoft.
Meta also reported sales of $39.1 billion for the quarter that ended June 30, which was above analyst estimates of $38.3 billion. In contrast, second-quarter earnings reports from
→ Continue reading at Entrepreneur