Meta's AI spend signals sustained revenue growth: Analyst

Brad Erickson News

Meta's AI spend signals sustained revenue growth: Analyst
RBC Capital MarketsSpending MoneyMeta
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The wearables technology market is expanding, with Meta (META) recently unveiling new AR glasses named 'Orion.' RBC Capital Markets equity analyst Brad...

) recently unveiling new AR glasses named"Orion." RBC Capital Markets equity analyst Brad Erickson shares his outlook on how this kind of spending could impact big tech companies.

And I guess when you're trying to figure out and factoring in just how long it's going to be until we see some sort of trickle down effect.

I am surprised, especially because of meta's history over the last couple of years has been really defensive, having this fortress balance sheet saving a lot of money. Five people were killed in a four-vehicle chain reaction crash in central Utah, the Utah Highway Patrol said. The driver of an SUV who was pulling onto U.S. Highway 6 near Price on Thursday afternoon overshot the acceleration lane and pulled into the path of a semitractor pulling double trailers, the patrol said. The semi struck a Nissan SUV in the opposite lanes, pushing it off the road and into a rock embankment.

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