Meta Platforms Inc. keeps writing bigger checks in pursuit of its artificial intelligence strategy, and traders keep cheering it on, encouraged that the expensive bets will keep paying off.

One of the most notable investment themes in recent memory is, of course, an increasing focus on artificial intelligence (AI). Social media giant Meta Platforms (META) is not above this trend among companies.

Meta Platforms Inc. keeps writing bigger checks in pursuit of its artificial intelligence strategy, and traders keep cheering it on, encouraged that the expensive bets will keep paying off.