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While it’s been a good year for technology stocks, Meta Platforms (META) stock has remained sideways. Valuations seem attractive, but markets are concerned about the big capital investments and potential pressure on margins.
Amidst these concerns, Meta's chief AI scientist, Yann LeCun, announced his departure from the firm after 12 years of service. Yann LeCun intends to start his own AI firm. While this seems like a near-term setback, Meta, with some big investments, is positioned to create value, and the “superintelligence” division can be a game-changer.