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Due to strong performance in the fourth quarter, META rose by 37.3% in the first quarter.

Investment management company Alon Funds announced the investor letter for the first quarter of 2024 for the Baron Fifth Avenue Growth Fund. This fund increased by 12.6% (institutional investor shares) in the first quarter, while the Russell 1000 Growth Index increased by 11.4% and the S&P500 Index increased by 10.6%. Despite rising interest rates, the US economy continues to outpace estimates.
Baron Fifth Avenue Growth Fund addressed in the investor letter for the first quarter of 2024, $Meta Platforms (META.US)$ etc., were discussed. $Meta Platforms (META.US)$ is a technology company that develops products connecting people. The one-month return was10.54% and the company's stock has risen by 82.50% in the past 52 weeks.82.50% higher.した。
On May 24, 2024, Meta's stock closed at $430.16 per share, with a market capitalization of $3 trillion 197 billion.
It is the world's largest social network. $Meta Platforms (META.US)$ Its stock price increased by 37.3% in the quarter, as its fourth-quarter revenue increased by 25% year-on-year and its operating margin more than doubled to 41%. Meta's workforce decreased by 22% year-on-year, benefiting from efficiency gains. Meta also expects revenue in the first quarter to increase by about 29% year-on-year, surpassing expectations. Advertiser satisfaction and adoption rates for Meta continue to be strong, core app engagement remains healthy, daily video viewing time increased by 25% year-on-year, and the total monthly active users in the fourth quarter reached 3.98 billion, a 6% increase from the previous year, with ongoing improvements in revenue from Instagram Reels and Click-to-Messenger ads.
Meta continues to drive rapid innovation in the field of GenAI, releasing widely adopted open-source models (such as Llama 2) through its world-class research institutions and enhancing its internal algorithms and core apps with AI. The company remains a shareholder and believes that Meta can maintain a leading market share in digital advertising through a powerful network effect achieved by a large user and advertiser base.
Furthermore, with its innovative culture, large install base, and cutting-edge GenAI research, the company believes that incorporating AI and GenAI into its products can create further monetization opportunities. For example, AI agents can assist in expanding business messaging, handling a large volume of customer requests on behalf of business customers, and making large-scale business messaging more feasible.
In the past 12 months, META's revenue was $142.710 million, with a quarterly revenue growth rate of 27.30% compared to the same period last year, and a revenue growth rate of 116.70%.
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    AI半導体、カバー。最近推しの子一筋(^。^)
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