Meta Shares Are Flying High as Zuckerberg Sells His AI Vision
- CEO has done good job of explaining AI benefits, analysts say
- Rally in Meta follows jump in capex and pledge to spend more
Mark Zuckerberg at Meta headquarters in Menlo Park, California.
Photographer: Jason Henry/BloombergThis article is for subscribers only.
Technology giants that want to spend big on artificial intelligence and stay in the good graces of investors should take a page out of Meta Platforms Inc.’s playbook.
The Mark Zuckerberg run company has seen its shares gain 13% this month, far outperforming Big Tech peers despite reporting another jump in capital expenditures and pledging to spend even more going forward. The stock rose as much as 1.7% to $544.23 on Thursday, hitting a fresh all-time high.