Stocks and Trading Thread - Channeling your inner Mono

[crazy canuck]

Thanks to google's AI for answering my question. 

Based on my experience theres a 50/50 chance that answer is incorrect

As high as a 50% accuracy rate? That has not been my experience.

[Admiral Yi]

Warren Boofay took a big position in Alphabet in the third quarter.

[Admiral Yi]

Netflix just split 10-1 so now I can sell covered calls.

[Admiral Yi]

This guy says Meta announced $60 billion in recurring AI revenue in 3Q.

[Jacob]

This guy says Meta announced $60 billion in recurring AI revenue in 3Q.

I'm not able to watch the video right now, but two questions...

One) Who is this guy?

Two) Does he say what part of their AI business is generating that revenue? Like...if it's reclassified advertising revenue because they're now using AI, that's one thing; if it's new revenue with people paying for AI services that's another thing altogether.

$60 billion/ quarter seems non-trivial.

[Josquius]

Not just advertising, as I said earlier 'data' was a huge thing 5-10 years ago and a lot of that has been folded into AI.

[crazy canuck]

This guy says Meta announced $60 billion in recurring AI revenue in 3Q.

I'm not able to watch the video right now, but two questions...

One) Who is this guy?

Two) Does he say what part of their AI business is generating that revenue? Like...if it's reclassified advertising revenue because they're now using AI, that's one thing; if it's new revenue with people paying for AI services that's another thing altogether.

$60 billion/ quarter seems non-trivial.

The guy didn't say what Yi claimed.  He said Meta are "talking about" getting 60 billion in revenue from their AI investments, as a justification for those expenditures.  Not that they are now realizing that revenue. 

For reference the entire revenue of Meta for the third quarter was under 60 billion ($51.24 billion to be precise).  But I can excuse Yi from not understanding the difference, the guy is a stock guy hyping the stock and he blurred the expected revenue projections with what is actually happening.

But even so, he is talking about that revenue being generated in advertising. And someone he equated that as AI generating ROI.  Nothing their sounded more than people talking up the stock.