The tech sector is experiencing significant valuation increases, particularly among major AI innovators. Despite potential corrections in the market, certain stocks like Meta Platforms and Apple are viewed favorably by analysts. Meta's investments in AI continue to attract bullish projections, with one notable analyst, Jefferies' Brent Thill, confident about the potential returns from these expenditures. As January approaches its end, these recommendations suggest that there still exists value in top AI plays amid the evolving tech landscape.
Despite the explosive multi-year rally in shares of Facebook parent Meta Platforms, analysts are still bullish about its future potential, especially in AI.
Jefferies' Brent Thill has no worries about Meta's hefty AI spending, believing the company will achieve strong returns from these investments.
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