Should You Buy Meta Platforms Stock Below $600 Before Mark Zuckerberg Unveils Its AI Cloud Business? Here's My Honest Take
The company is making risky bets on artificial intelligence, but that may be undervaluing the stock.
Overview
The interest in all things artificial intelligence (AI) in the stock market went back into overdrive in August. Unfortunately, Meta Platforms (NASDAQ: META) failed to join the party.
The company, led by founder Mark Zuckerberg, is investing heavily in AI but is not being rewarded by the market, and adoption has failed to materialize across most of its software services.
Details
Now, Zuckerberg and the team are considering selling some of Meta's compute power in a new AI cloud business. Does that make the stock, now trading below $600, a buy? Here's my honest take.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.