Meta Platforms, Inc. (META)
After hours:
| Previous close | 441.38 |
| Open | 441.35 |
| Bid | 442.99 x 100 |
| Ask | 443.53 x 100 |
| Day's range | 431.97 - 446.44 |
| 52-week range | 229.85 - 531.49 |
| Volume | |
| Avg. volume | 18,832,035 |
| Market cap | 1.124T |
| Beta (5Y monthly) | 1.18 |
| PE ratio (TTM) | 25.49 |
| EPS (TTM) | 17.39 |
| Earnings date | 24 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 2.00 (0.45%) |
| Ex-dividend date | 21 Feb 2024 |
| 1y target est | 517.40 |
- Yahoo Finance Video
Big Tech: How AI has impacted earnings
The release of first quarter earnings from Big Tech giants has commenced, with industry leaders like Alphabet (GOOG, GOOGL) and Microsoft (MSFT) impressing Wall Street analysts with their financial performance. As the earnings season unfolds, Yahoo Finance's Daniel Howley joins Market Domination Overtime to discuss the impact of the growing adoption of artificial intelligence (AI) on tech earnings and the key factors investors will be looking for in forthcoming Big Tech earnings results scheduled for next week. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Microsoft, Alphabet earnings show AI is more than just hype
Both Alphabet (GOOG, GOOGL) and Microsoft (MSFT) posted quarterly results that topped Wall Street estimates. The big takeaway from both reports? That generative artificial intelligence is here and companies are spending on it, says both Baird Technology Desk Sector Strategist Ted Mortonson and RBC Capital Markets Software Equity Analyst Rishi Jaluria. "The commentary out of both Google and Microsoft, I think, tells us that there is real demand for AI... there's actual money being put behind this. It's not just hype. It's not just people talking about it. There's actual capital being put to work," Jaluria tells Yahoo Finance's Morning Brief. Mortonson agrees. "We are going through, really, a generational infrastructure build," Mortonson says, adding that both Microsoft and Alphabet have an "advantage" because their "data center footprint already exists." Jaluria notes that investors "will be patient" with Microsoft's big spending on infrastructure as long as the company's AI-related businesses continue to show growth. As to why investors were less happy about Meta's (META) AI spending, Mortonson thinks it may come down to "a game of positioning." "Meta was extremely crowded going into the print. There's some people that, quite frankly, didn't like some of the unprofitable spend," Mortonson says. He believes that Meta is "very attractive" given how hard the stock was hit by its results, but the Microsoft does have a "huge advantage" due to its enterprise business. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Investor's Business DailyMeta Returns To Spending Mode. But Analysts Say 'This Time It's Different.'
Meta stock took a hit on its big AI spending plans. But analysts say that the core business is strong.
