5 analysts share comments on Qualcomm analyst day

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Why Jefferies just became more bullish on Meta's AI business

November 20, 2024 1:30 PM EST

Jefferies has become more bullish on Meta Platforms' (NASDAQ: META) AI business following the hiring of Clara Shih, a former Salesforce executive, to lead Metas new Business AI group.

According to Jefferies, this move represents a "big step forward in Metas push to monetize its AI with businesses and enterprises," especially as the company aims to directly sell its AI tools to enterprises rather than relying on third-party platforms like Amazon and... More