Excess Returns · Tuesday, August 11, 2026
Dom Rizziolan explains that Meta's significant AI investments are aimed at enhancing its core business, which is already showing acceleration. He contrasts this with AWS and Azure, where AI is seen as a more direct growth driver, positioning AI as an existential platform for Meta's future strength.
“Obviously, the company that reacted poorly after was primarily meta.”
“And the thing that's tough for the market to get around with meta is that they're investing all this to just make the core business better. And the core business is already accelerating, right?”
“But this is about making their core business better and AI being an existential platform that meta has to win in order to remain very strong going forward, not necessarily accelerating, you know, uh, a business that's so obvious to see like, like it is AWS or AWS or Azure.”