Meta's AI spending undervalued as compute assets and model progress gain traction

RihardJarc · x · 2026-08-17

Analysis highlights Meta's sticky core business, where AI boosts ad revenue and monetizes WhatsApp. While the market worries about massive AI compute spend, current market valuations suggest Meta's early investments yield high ROI, potentially via compute rentals. Its internal AI lab is progressing rapidly with the upcoming "Watermelon" model. Meta is positioned to benefit either as a frontier model lab or by leveraging compute assets and growing core business.

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