Meta's Ad Business Is Booming, But One Analyst Says The Real Story Is A $100 Billion AI Bet

Meta Platforms Inc‘s (NASDAQ:META) robust advertising tech and artificial intelligence infrastructure will deliver another strong quarter, one analyst says.But it’s a pricey plan. The parent company of Facebook plans to spend $100 billion by 2026 to expand data centers and AI capabilities.Rosenblatt‘s Barton Crockett maintained a Buy rating on Meta with a price forecast of $1,086.  Also Read: Meta Bets Big On AI: Ad Revenue Set To Outpace GoogleCrockett cited strong advertising momentum and continued invest ...