Since hitting lows in 2022, Meta Platforms has shown a remarkable recovery in stock performance, significantly boosted by robust earnings and a strategic focus on AI investments. The company's earnings per share surged by 60% in the recent quarter, along with a 37% rise in capital expenditures. Additionally, Meta's advertising revenue jumped 22%, bolstered by initiatives like the deployment of Meta AI, which aims to engage over a billion users. This combination of factors is enhancing investor confidence and indicates further growth potential.
Shares of Meta Platforms have delivered explosive returns to investors since bottoming out in 2022, supported by strong earnings growth driven by AI investments.
Meta Platforms increased its capital expenditures by 37% to $37 billion in 2024, resulting in impressive earnings per share growth of 60% year over year.
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