Why Meta is top of the pack with AI: Portfolio manager

Yahoo Finance Video
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AI is still at the center of discussion for Wall Street. Big Tech earnings revealed massive spending on AI, but which company is utilizing that spending the best?

Niles Investment Management founder and portfolio manager Dan Niles joins Catalysts to give insight into which tech giant uses AI to the best of its abilities.

Niles outlines why Meta (META) is top dog when it comes to AI: "When they reported in June, Meta beat the revenues, they beat the EPS. They took up the guidance for how much they're going to spend on AI. And then the forward numbers for September went up as well. For Microsoft (MSFT), the forward numbers went down. They missed their Azure growth rate, which by the way, that's where the OpenAI relationship, that's where the revenues flow into. And the numbers came in less than expected."

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino