This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META), the social-media and advertising giant, drew investor interest Monday as the market reassessed the pace of AI development, according to Barron's. The picture puts shares at $655. A slower AI race could take some pressure off spending, but investors should keep that possibility separate from an actual budget cut. Warning! GuruFocus has detected 2 Warning Sign with META. Is META fairly valued? Test your thesis with our free DCF calculator.META GF Value chart The latest quarterly numbers show why spending matters. Meta's second-quarter revenue climbed 28% to $60.80 billion, but costs and expenses jumped 55% to $42.03 billion. Operating income dropped 8%.
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