WisdomTree CIO Says Other Big Tech Names Could Follow In Meta’s Footsteps Following Strong ‘Year Of Efficiency’

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Jeremy Schwartz, CIO at WisdomTree Investments, joined Benzinga’s PreMarket PrepMonday to discuss Meta Platforms, Inc’s (NASDAQ:META) successful “year of efficiency,” which he believes was made possible by AI. What Happened: Schwartz highlighted Meta’s use of artificial intelligence as the force that enabled the company to achieve remarkable results during its “year of efficiency.” Meta reduced its workforce by 22% in 2023 while boosting revenue by 25%. The stock gained more than 175% in 2023 and CEO Mark Zuckerberg has said the increased efficiency focus will remain in place. Schwartz told Be…

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