Meta's stock finds a new defender, who predicts 30% upside from here

Core Insights - Meta's investment in AI is deemed essential for maintaining competitiveness in the tech industry and is expected to yield long-term benefits [1] Group 1: Company Analysis - A BNP analyst emphasizes that Meta's AI spending is a strategic necessity to stay competitive against rivals [1] - The investment in AI is projected to eventually result in positive returns for Meta, reinforcing its market position [1] Group 2: Industry Context - The competitive landscape in the tech industry necessitates significant investment in AI technologies to keep pace with advancements made by other companies [1] - The focus on AI spending reflects a broader trend within the industry where companies are prioritizing technological innovation to enhance their offerings [1]