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Bank of America Buys Meta’s AI Future | Durham News
Bank of America just slapped Meta on its elite “US 1 List,” signaling a major bullish pivot despite the company’s stock slump this year — driven by heavy AI spending. Analysts are now eyeing an $835 price target, betting Meta can deliver frontier AI models within nine months and prove real user adoption of its new AI tools. With its core ad business still crushing it, they believe Meta can absorb AI costs while unlocking massive new revenue — potentially $100B to $150B from just half its AI compute power. Meanwhile, Meta’s product push is accelerating: launching AI models like Muse Spark and…
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