Meta Platforms has transitioned from a social media company to a significant force in artificial intelligence, with Meta AI leading in generative AI and surpassing 500 million active users.
In October, Meta reported that over 1 million advertisers utilized its generative AI tools to produce more than 15 million advertisements, greatly boosting its advertising revenue.
Despite uncertainties surrounding generative AI, Meta's user base positions it strongly in the market, contributing to a 19% increase in its advertising revenue in the third quarter.
Even with various policy changes causing controversy, Meta's rapid growth and high profit margins demonstrate its solid market position and reasonable valuation based on its P/E ratio.
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