Alphabet

Apple

Meta

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Meta Platforms, Inc. (NASDAQ: META) is making significant strides in artificial intelligence development and implementation across its services, <a href="https://tokenist.com/why-meta-is-a-dark-horse-in-the-current-ai-market-cycle/" rel="dofollow" class="deco-link">outpacing some of its major competitors</a> like Google’s parent company Alphabet (NASDAQ: GOOG) and Apple (NASDAQ: AAPL). <br><br>The company’s recent stock performance reflects investor confidence in its AI-driven strategy, with shares up over 3% in morning trading. This article examines Meta’s latest AI advancements and their potential impact on its market position.</p> 
<h3 id="meta-s-heavy-ai-investment-is-starting-to-pay-off">Meta’s Heavy AI Investment is Starting to Pay Off</h3> 
<p>Meta has invested heavily in AI infrastructure, deploying over <a href="https://tokenist.com/nvidias-stock-up-premarket-after-meta-announces-ai-plans/" rel="dofollow" class="deco-link">340,000 Nvidia H100 GPUs</a> to support its ambitious AI initiatives. <br><br>The company is currently beta testing <a href="https://timesofindia.indiatimes.com/technology/tech-news/whatsapp-tests-new-imagine-me-ai-tool-what-is-it-and-how-it-may-work/articleshow/111505735.cms" rel="dofollow" class="deco-link" target="_blank">several AI-powered features on WhatsApp</a>, including the ability for users to choose between different Meta AI Llama models for varying prompt complexities and AI-generated images based on user photos with built-in privacy controls.</p> 
<p>In addition to messaging enhancements, Meta is improving its video calling capabilities with AI-driven audio and video quality improvements, screen sharing with audio, and an expanded capacity for up to 32 participants. <br><br>The company has also <a aria-label="introduced Meta 3D Gen (opens in a new tab)" href="https://www.gadgets360.com/ai/news/meta-3d-gen-ai-model-research-paper-3d-assets-generation-text-prompt-6039281" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">introduced Meta 3D Gen</a>, an AI model capable of generating high-quality 3D assets from text prompts in less than a minute. It utilizes physically-based rendering for realistic lighting.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="market-position-and-competition">Market Position and Competition</h3> 
<p>Meta’s rapid deployment of AI features across its platforms appears to be outpacing efforts by competitors such as Google and Apple. <br><br>While Apple recently announced its Apple Intelligence AI features and Google has been promoting AI adoption, Meta’s cloud-based approach is already in beta testing, potentially reaching a broader consumer base due to its larger install base.</p> 
<p>CEO Mark Zuckerberg has teased an upcoming “full holographic” glasses product, described as the “most advanced piece of technology on the planet in its domain.” <br><br>While not immediately available for purchase, this product underscores Meta’s commitment to pushing the boundaries of AI and augmented reality technologies.</p> 
<h3 id="meta-s-stock-gains-on-ai-progress">Meta’s Stock Gains on AI Progress</h3> 
<p>As of 10:49 AM EDT, Meta’s stock was trading at $526.51, up 3.25% from the previous close. The company’s market capitalization stood at $1.336 trillion, with a <a href="https://tokenist.com/investing/p-e-ratio/" rel="dofollow" class="deco-link">price-to-earnings ratio</a> of 29.34. <br><br>Meta’s stock has significantly outperformed the <a href="https://tokenist.com/the-bull-and-bear-case-for-spx-in-2024/" class="deco-link">S&amp;P 500 index</a>, with year-to-date returns of 49.06% compared to the index’s 16.28%.</p> 
<p>Analyst sentiment remains bullish on Meta, with a consensus “Strong Buy” recommendation and a one-year target estimate of $482.61. <br><br>The company’s impressive financial performance and aggressive AI strategy resonate with investors, as evidenced by its substantial returns over various time horizons, including a five-year return of 167.56% compared to the S&amp;P 500’s 85.13%.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/ai-progress-drive-meta-shares-up-as-firm-outpaces-tech-rivals/">AI Progress Drive Meta Shares Up as Firm Outpaces Tech Rivals</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

AI Progress Drive Meta Shares Up as Firm Outpaces Tech Rivals

Indice dei contenuti

Tokenist

Altri articoli pubblicati su 5 lug 2024

Shape the Future of Gaming: Tap into Trikon’s Dynamic Developer Ecosystem and secure $1 Million G...

Bitwise: ETF Ethereum Bisa Debut Pertengahan Juli

Altcoins To Stake Without Hesitation As Bitcoin Goes Burst

Trending Cryptocurrency Tokens on Avalanche Chain Today – ArrowToken, Snowbank, NXUSD

Top Altcoins YOU Can Buy To Retire Early!

Mt. Gox Begins Repaying Creditors After Decade-Long Wait

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!