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Metaverse budget cut signals Meta has a better sense of discipline as it embarks on AI spending, Mizuho analyst Lloyd Walmsley said
- Outperform, $815: Mizuho analyst Lloyd Walmsley said Metaverse budget cut as reported by Bloomberg signals Meta has a better sense of discipline as it embarks on AI spending.
- He expects significant share price increase and project that the cost-savings will increase 2026’s EPS by around $2.