Jan 29 (Reuters) – Meta shares rose almost 7% in early Frankfurt trading on Thursday, after several brokers raised their target prices following results in which the Instagram owner forecast first-quarter revenue above Wall Street expectations.
Meta on Wednesday boosted its capital spending plans for this year by 73% in the pursuit of “superintelligence,” an effort to offer deeply personalized artificial intelligence to its large social media user base.
(Reporting by Danilo Masoni; editing by Dhara Ranasinghe)
