Meta Platforms Inc. shares have dropped significantly recently, though they remain up 24% from a year prior. With a current yield of 0.33%, the stock will soon offer dividends after the announcement of a $50 billion stock buyback. The company aims to become a leader in the AI market, with projections indicating strong upside potential for the stock through the end of the decade. Despite its challenges, Meta continues to evolve and invest in new technologies.
Shares of Meta Platforms Inc. (NASDAQ: META) lost -1.55% in morning trading on Wednesday, compounding a rough week and month that has seen the stock fall by -3.94% and -14.26%, respectively.
Meta AI is on track to be the most used AI assistant in the world by the end of the year," according to CEO Mark Zuckerberg.
24/7 Wall Street projects a 62.82% upside potential for the stock through the end of the decade.
The company announced - alongside authorizing a $50 billion stock buyback - that shares of META would begin paying a dividend.
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