Meta (META.US) 2024 Q3 earnings conference: The average ad unit price increased by 11% year-on-year and will continue to expand the scale of users clicking on ads.
On October 31st, Meta (META.US) held the 24Q3 earnings conference.
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What answers have the financial reports of major companies provided to the most concerning issues in AI trading?
One of the main characteristics of the third quarter report is that technology giants continue to increase investment in AI without hesitation, with total capital expenditures of microsoft, google, and Meta increasing by 48% year-on-year. However, the returns brought by the huge investment are somewhat mixed, and the market may need to wait longer. In addition, the three major trends of 'hiring is not as good as buying cards', shifting from training to reasoning, and the marginalization of OpenAI by microsoft are becoming increasingly clear.
Fubon Securities Adjusts Price Target on Meta Platforms to $670 From $575, Maintains Buy Rating