Share of Meta platform ,Meta 0.68%, The higher growing up in June as the social media giants had widely benefited in the stock market, and investors reacted to the deal of meta, which was to take 49% stake in Scale AI, data-labeling start-up for $ 14 billion.
By the end of the month, the meta stock had increased by 14%, according to the data S&P Global Market Intelligence,
As you can see from the chart, the stock was received in two different stages at the beginning and end of the month.
Meta pushes a deep in AI
Meta’s ambitions in AI became clear last month as the company made a splash with the Scale AI deal. The step gives the company to a 50% ownership of a promising AI start-up, and also brings Alexandra Wang, the founder of Scale AI, to the meta fold. Wang will be the head of a new research lab working on Superintendent.
Additionally, other news reports came out about Mata’s illegal AI talent from Openai, and it allegedly tried to buy PermanenceAI search-centered start-up is now priced at $ 14 billion, as well as safe superintendent, another AI start-up. Finally, the company is considering raising $ 29 billion to fund its data center expansion push as part of its AI ambitions.
At the beginning of the month, Mata also signed a 20 -year power purchase agreement Constellation energyShowing your commitment to achieve an adequate source of energy as the requirement of AI.
On the device’s front, the company also introduced the Okle Meta Glass, which it called a new category of performing AI glasses, which featured a built-in camera, open-air speaker and water resistance.
Meanwhile, the stock also benefited from cool stress around the trade war, as well as concrete economic data was shown that the job market continues to expand and inflation is under investigation.
Since almost all the company’s revenue comes from digital advertising, the business is sensitive to the broad economy, so signs of continuous development are good for meta.
Image Source: Getty Image.
What’s next for Meta?
The value-to-Kami ratio of the meta has increased to 28 after the profit of the previous month, but it still looks like a fair price to pay for a stock that dominates the social media sector, digital advertising has a great competitive advantage, and is investing heavily in its strong AI Division.
We will hear from Meta at the end of the month when it reports the second quarter earnings. Analysts expect another strong quarter, with revenue to $ 44.55 billion and increased from $ 5.16 to $ 5.84 per share. If the meta can maintain that kind of growth, the stock must be higher.
Randy Zuckerberg, former director of Market Development and spokesperson for Facebook and sister of Meta Platform CEO Mark Zuckerberg, is a member of the board of directors. Jeremy Boman Meta platforms have conditions. The micle flower has a position and recommends the constellation energy and meta platforms. Motley is near the flower Disclosure policy,
