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Meta's CFO Said That Generative AI Will Not Be a Meaningful Driver of Revenue in 2024 -- Does This Mean AI Is All Hype?

Meta Platforms reported a fantastic quarter, but should investors question its artificial intelligence investments?

By Jose Najarro – Feb 2, 2024 at 9:29AM EST

In today's video, I discuss the recent updates affecting Meta Platforms (META +0.22%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of Feb. 1, 2024. The video was published on Feb. 1, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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X@_JoseNajarro

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Meta Platforms and Nvidia. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$629.75
(+0.22%)+$1.36
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$188.67
(+2.59%)+$4.76

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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