Meta has just achieved something unheard of: dethrone Nvidia as the most successful technological technology of the year on the stock market. It is still far in stock market capitalization, but it grows above it in what we have been for the year. Its +22% surpasses the rest of the great technological, also Microsoft, and confirms the excellent stock market moment in recent times.
Why is it important. Less than two years ago, Wall Street was punishing a goal for his obsession with metovers, something that vanished at the same speed at which Chatgpt spread: the future actually passed by. His reality expense either helped either.
Today it is rewarding its transformation towards the practice.
In detail. The change of course began in 2023, which Zuckerberg called “the year of efficiency.” He fired 21,000 employees, cut costs and reoriented the company’s narrative. The market has understood the message.
Now goal is running an AI strategy that combines the best of three worlds:
- Mass consumption products. Ray-Ban Meta, calls, goal AI.
- Business infrastructure.
- Talent capture.
In these last weeks we have understood the magnitude of point 3 with the signing of Openai leading researchers, including creators of O1 and O3.
We also know that it plans to get 29,000 million dollars to invest in data centers.
Between the lines. Investors have caught something that seemed unlikely: goal has made their traditional advertising income grow while in parallel builds their future in AI. Its R&D spending will reach this year at 65,000 million dollars, but its margins continue to expand.
Goal is demonstrating that it is possible to reinvent itself without losing the main business. Meanwhile, Google fights as can against the arrival of Chatgpt and Apple continues to look for its site in the AI race.
- Meta has its identity defined: to be the company that democratizes AI with a powerful but open source (with nuances) …
- … and make an incursion into wearables that seemed innocent but is being tremendously successful.
And now what. The next catalyst will be to verify how its smart glasses business evolves. And that of AI attendees. Above all, to what extent they change the business.
Meta, first of all, it is demonstrating what was not taken for granted for all great technology: survival capacity in the transition to AI. And that is using recognition in the parquet.
Imagen Destacada | Mariia shalabeieva en unceplash
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