Meta's stock has seen a decline of over 3.8%, putting its 20-session winning streak at risk. Despite this, shares have risen 17% over the past month and 22% year-to-date, thanks to significant advancements in AI and strong earnings reports. Facebook has improved user engagement, with an 8% increase in time spent on Facebook and 6% on Instagram. Meta's aggressive investment in AI technology, particularly with a $65 billion cap-ex plan, contrasts with the struggles of other major tech companies, showcasing a strategic advantage.
They've used [their AI investments] largely to drive their business where ... other companies have been trying to be a little bit more all things to all people.
Improvements to our AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram this year alone.
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