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Meta Stock Jumps 11% to Record on Huge Q2 Earnings Beat, Capex Outlook Higher
TMTPOST -- Meta Platforms, Inc. stock jumped more than 11% to settle at $773.44 on Thursday, refreshing its record close set more than five months ago. Shares reversed its two-day decline after Facebook parent posted blowout earnings and vowed to ramp up investment in artificial intelligence (AI).
Meta raced to a new all-time high on Wall Street, with the parent company of Facebook and Instagram seeing its share price ...
The company just crushed Wall Street's earnings expectations, fueled by AI-driven efficiency gains in its thriving ad ...
Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once ...
Zuckerberg’s $14.3 billion stake in Scale AI as well as his willingness to throw cash at new hires underscores Meta’s interest in dominating the AI race. Those ambitions have coincided with actual ...
Investors continue to underestimate artificial intelligence (AI), the secular tailwinds behind the chipmaker's supercharged ...
Mark Zuckerberg’s AI hiring spree is costing a lot of money. His investors don’t care. Meta’s stock price shot up over 10 ...
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said ...
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