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

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

NASDAQ: META

Meta Platforms

Market Cap

$1,206B

Today's Change

(-0.16%) -$0.77

Current Price

$474.65

Price as of May 10, 2024, 2:26 p.m. ET

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

In today's video, I discuss the recent updates affecting Meta Platforms (META -0.16%). 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.

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.