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Nvidia Leads the Market
Nvidia is currently the world’s most valuable company, reaching a market capitalization of $4 trillion as of July 10, 2023. Meta Platforms follows behind, with a market cap of $1.8 trillion and is poised to become the next $2 trillion company by year-end, driven by significant investments in artificial intelligence (AI).
Meta’s AI Investments
Meta’s capital expenditures are expected to hit $72 billion this year, almost double from last year. Key investments include $14.3 billion in Scale AI and a potential $29 billion for data center infrastructure, aimed at enhancing its core advertising and social media services across platforms like Facebook, Instagram, and WhatsApp.
Projected Growth for Meta
Meta’s revenue for 2024 was reported at $164 billion with earnings per share of $23.86, reflecting a growth of 22% and 60%, respectively. Wall Street forecasts a 15% growth in revenue and 7% in earnings for 2025, positioning the company to potentially reach a $2 trillion valuation if its price-to-earnings and price-to-sales ratios expand modestly this year.
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