Harvest Portfolio Management chief investment officer and Wall Street Beats partner Paul Meeks joins Morning Brief to discuss Meta Platforms’s (META) earnings and outlook.
Meeks ranks Meta as “top of the class” in tech, expressing confidence in CEO Mark Zuckerberg’s vision and predicting “this will be a great year for the company.”
While acknowledging Meta’s significant artificial intelligence (AI) investments, Meeks cautions expectations about returns, saying he doesn’t expect to see “a lot of AI monetization from anybody” in Big Tech. However, he highlights the company’s Llama open-source model, noting, “I think that there is a good shot that this will become the global standard for such models.”
Beyond AI, Meeks points to the monetization of Instagram Reels as a potentially significant revenue driver for the company.
#youtube #META #microsoft #tech
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