2 Trillion-Dollar Artificial Intelligence (AI) Stocks to Buy and Hold Forever [Yahoo! Finance]
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Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
But tech giants Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META) have a new secret weapon that could allow them to deliver solid returns in the medium term: artificial intelligence (AI). Even beyond that, Microsoft and Meta Platforms have numerous qualities of "forever stocks." 1. Microsoft Microsoft was partly responsible for kick-starting Wall Street's recent obsession with AI, which began when ChatGPT burst onto the scene. Microsoft has been an investor in OpenAI, the company behind ChatGPT. Since the initial craze that made the AI chatbot famous, the two companies have amended their collaboration, with Microsoft doubling down and boosting its stake in the privately held AI specialist to 49%. The partners also offer services that allow other companies to build their own generative AI platforms, which Microsoft offers through its cloud computing arm, Azure. According to Microsoft's management, more than 65% of the Fortune 500 now use Azure OpenAI services. Those s
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News
- The S&P 500 Hit an All-Time High in the First Half of 2024 -- Should Investors Expect a Decline to Finish the Year? [Yahoo! Finance]Yahoo! Finance
- Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Meta Platforms Stock. [Yahoo! Finance]Yahoo! Finance
- Meta accused of breaking European law with its ‘pay or consent' model [CNN]CNN
- Meta accused of breaking European law with its ‘pay or consent' model [CNN]CNN
- European Union accuses Facebook owner Meta of breaking digital rules with paid ad-free option [Financial Post (Toronto, Ontario, Canada)]Financial Post
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 6/28/24 - Form 144
- 6/27/24 - Form 4
- 6/27/24 - Form 144
- META's page on the SEC website