Meta PlatformsNASDAQ: META

The company announced it will increase capital expenditures significantly in 2025.

This company is focusing on a long-term strategy for investing in the future of artificial intelligence. They are committed to developing AI over time.

Steve Weiss, the founder and managing partner of Short Hills Capital Partners, appears on CNBC's 'Halftime Report' to explain his reasons for increasing his investment in Meta.

Meta Platforms Inc. (NASDAQ: META) has had a fantastic year overall. The company's stock has increased by 550% since October 2022, and there are many reasons to feel optimistic about its future as we approach next year.

Meta Platforms stated that it will keep making significant investments in AI infrastructure.

Meta Platforms (META) surpassed Wall Street's expectations for earnings in the third quarter, showing impressive results in both revenue and profit. However, the stock has declined as analysts worry that major tech companies might face new issues with capital expenditures related to AI.

According to academic papers and analysts, leading Chinese research institutions associated with the People's Liberation Army have utilized Meta's publicly accessible Llama model to create an AI tool that could be used for military purposes.

Following its Q3 2024 report, Meta Platforms, Inc. saw its stock drop by more than 5% today, even though it exceeded expectations for both revenue and earnings. The company's Q4 sales forecast was slightly below estimates, which has made some investors uneasy about its return to high spending. Nevertheless, Meta continues to perform well and is still considered a valuable and profitable company.

Wolfe Research Analyst Shweta Khajuria appears with Caroline Hyde and Ed Ludlow to discuss the earnings reports from Meta and Uber, as well as what to anticipate from Amazon's earnings that will be released after the market closes. She shares her insights on "Bloomberg Technology."