Meta Platforms: Riding The AI Wave

Summary:

  • Meta Platforms, Inc. is reinventing its business and focusing on AI, with new AI tools and personal AI assistants being introduced at Meta Connect 2023.
  • The market opportunity for personal AI assistants was predicted to be over a trillion dollars, with users willing to pay a few hundred dollars for such services.
  • Meta Platforms stock remains a bargain at 14x normalized earnings not including AI upside, once the tech giant eliminates Metaverse losses.

African american man in vr headset exploring metaverse world, touching virtual reality subjects

Damir Khabirov

Over the last few years, Meta Platforms, Inc. (NASDAQ:META) has been a controversial stock and a very volatile investment. The social media giant has now reinvented the business and is poised to ride the AI wave higher


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