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“Muse,” Meta Platform's ( META ) agentic AI offering, debuted in early September. In just over a month, Muse shot to the top of the Apple App Store rankings and became the fastest-growing consumer app in history outside OpenAI's ChatGPT.
Meta Platforms, Inc. delivered robust Q3 results, with revenue up 26% YoY and strong AI-driven engagement fueling advertising growth. AI investments, notably Muse's rapid adoption, are expected to drive incremental revenue from 2027, supporting a bullish long-term outlook. Operating margin fell to 20% due to a 68% YoY rise in expenses, primarily from legal settlements and infrastructure investments.
A larger AI spending outlook from Meta Platforms (NASDAQ:META | META Price Prediction) has raised the question of how the expansion gets financed, and the power-equipment suppliers counting on those orders are absorbing the damage.
Steep bill for AI buildout punishes Meta, other tech favorites
The cost of insuring Meta Platforms Inc. (NASDAQ:META) debt against default rose to a record Thursday as investors weighed the Facebook parent's growing AI spending plans.
Meta Platforms' (META) AI investments are showing a huge improvement to the company's bottom line, according to Angelo Zino with CFRA. Muse is a pivotal advancement he sees playing a key role in that earnings growth.
Meta's board just approved a new class of non-voting stock, and the structure reveals something unusual about how Mark Zuckerberg plans to cash in shares while keeping an iron grip on the company he built.
GE Vernova stock is plunging Thursday even as analysts anticipate major earnings growth next week. Why?