Keep it and watch
Single-track strategy limits Meta AI's imagination
Hi everyone, this is Dolphin Research! $Meta Platforms(META.US) Q1 itself was not the problem; the issue is that the new guidance failed to ease fears of margin erosion. That diverged from pre-earnings chatter about tighter cost controls, which had led investors to expect spending cuts.
At bottom, investors are again losing patience because there is still no visible second growth curve to monetize the AI story. Specifically, we note:1) No spending pullback; more investment ahead. META raised full-year Capex guidance by $10bn to $125–145bn, driven by higher prices for memory and other components...
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