This Tech Giant's AI Strategy Can Send Its Stock Soaring in 2025
Despite rising competition, Meta is still a force to reckon with in the digital advertising and artificial intelligence markets.
Meta Platforms (NASDAQ: META) demonstrated exceptional financial strength in the fourth-quarter fiscal 2024 (ending Dec. 31, 2024) on Jan. 29, with revenues and earnings surpassing analyst consensus expectations.
Not surprisingly, Meta's shares went up almost 9% in the ensuing days, and though the stock has since given up some of those gains, it's still up about 3%. Investors are impressed with the strength of the company's core social media and digital advertising business, as well as the success of its various strategic artificial intelligence (AI) initiatives in the current difficult environment.
Total revenue was up 21% year over year to $48.4 billion, ahead of the Wall Street target of $47 billion. Diluted earnings per share (EPS) also rose 50% year over year to $8.02, dramatically higher than the consensus estimates of $6.76.
