Meta has launched Muse, its personal AI agent that reached 5 million downloads in 22 days, outpacing ChatGPT, Grok and Claude in adoption speed. The company hired CJ Desai, former CEO of MongoDB, to lead its push into enterprise AI. Meta is expected to spend up to $145 billion in capital expenditures this year, a substantial amount that investors hope will generate returns. The stock trades at around $744, approximately 5% below its 52-week high, with a forward P/E of roughly 20 times and an EV/EBITDA ratio of 17 times, suggesting reasonable valuation versus the sector. With nearly 4 billion users across its apps, Meta has a massive built-in audience for its AI products.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
