Meta (META US) - 2Q24 Earnings Beat; Intact FY24 Earnings Growth Outlook Despite AI Investment
Overall, we raise FY24-26E total revenue forecast by 1-2% in view of the solid ad demand across verticals. We lift our TP by 5% to US$565.0 on 27x...
356 Views
Meta (META US) - Launch of the AI investment cycle
Looking ahead, Meta expects to start a multi-year investment cycle to build full-scale AI capabilities and enhance monetization.
358 Views
Internet - 1Q24 recap & our three stock-picking ideas
Year to date, the internet sector has pulled back after rapid rallies buoyed by improved sentiment and short-term fund inflows, in line with our...
215 Views
Internet - AI and Margin Expansion Still Key Themes
US internet and software companies delivered mixed performances in 1Q24 in terms of revenue growth: advertising and cloud services revenue growth...
211 Views
US Digital Advertising – AI-Empowered Digital Transformation
International advertising market (global ad market ex-China, same below unless otherwise specified) still has ample room for further digital...
185 Views