Why Meta Platforms Stock Soared on AI News Today
Many investors were jumping aboard Meta Platforms (NASDAQ: META) stock on Monday, so much so that the pricey social media company's shares rose by almost 4%. Much of this was a reaction to a media report stating that Meta would lean heavily on artificial intelligence (AI) to boost its revenue. The stock's rise easily trumped that of the S&P 500 index, which increased 0.4% on the day.Well before market open, The Wall Street Journal published an article asserting that Meta plans to offer its advertisers the chance to craft spots entirely with artificial intelligence (AI). Those users would be able not only to create every aspect of those ads but also to microtarget consumers by harnessing the technology.Image source: Getty Images.Continue reading
Many investors were jumping aboard Meta Platforms (NASDAQ: META) stock on Monday, so much so that the pricey social media company's shares rose by almost 4%. Much of this was a reaction to a media report stating that Meta would lean heavily on artificial intelligence (AI) to boost its revenue. The stock's rise easily trumped that of the S&P 500 index, which increased 0.4% on the day.
Well before market open, The Wall Street Journal published an article asserting that Meta plans to offer its advertisers the chance to craft spots entirely with artificial intelligence (AI). Those users would be able not only to create every aspect of those ads but also to microtarget consumers by harnessing the technology.
Image source: Getty Images.
