A Wedbush analyst, Scott Devitt, is confident that Meta’s spending on artificial intelligence will pay off. Despite falling 20% since the last earnings report, he believes the company’s efforts are already boosting its advertising engine and thinks it has a bright future ahead.
Source: https://www.marketwatch.com/story/metas-stock-is-now-this-analysts-best-idea-why-all-the-ai-spending-could-be-worth-it-cab287b7