Meta Platforms Inc Class A (META)
Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers.
Zuckerberg: AI increased the time spent on Facebook and Instagram in Q2
Meta CEO Mark Zuckerberg credited AI with driving up the time users spent on the company's apps in the second quarter. While consumers are increasingly complaining about the prevalence of “AI slop” — or low-quality AI-generated content flooding social apps — Meta says that AI systems are getting better at helping users connect with recommended content.
Mark Zuckerberg's Meta surges as Facebook parent's revenue soars on AI ‘superintelligence' push
Meta has tried to revitalize its AI push by sparking a high-stakes talent war that has seen it dole out more than $100 million pay packages to researchers from rival firms.
Meta shares surge after blowout Q2 results, upbeat outlook
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) reported quarterly results that blew past Wall Street expectations on Wednesday, sending its shares up nearly 10% in after-hours trading. Strong advertising sales and continued momentum across its apps boosted growth, the tech stalwart's results indicated.
Mark Zuckerberg Explains “Personal Superintelligence” As Meta Blows Past Q2 Forecasts, Hits 3.48 Billion Daily Users
Meta posted nice numbers for the June quarter with revenue surging 22% to $47.5 billion and net income up 36% to $18.3 billion. Earnings per share of $7.14 was also beat Wall Street's expectations, as did daily active users rose to 3.48 billion.
Meta Q2 Revenue Smashes Wall Street's Estimates In 10th-Straight Earnings Beat
Meta will host a call with investors at 5 p.m. EDT, with an option to listen in on its investor relations website.
Qualcomm beats on earnings, highlights growth in Meta smartglasses
Qualcomm reported fiscal third-quarter earnings that beat Wall Street expectations. Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings on $10.7 billion in revenue at the midpoint in the fourth quarter.
Meta's Reality Labs posts $4.53 billion loss in second quarter
Meta reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.
Meta Posts 22% Revenue Growth as Ad Business Continues to Fuel AI Ambitions
The second-quarter results showed the Facebook parent's core ad business remains strong at a time when the company is investing billions of dollars into artificial intellilgence.
Meta Earnings: Will Its AI & Metaverse Investments Payoff?
Meta Platforms is scheduled to report earnings after Wednesday's close. The stock recently hit a record high near $747.90/share and is currently trading near $702.
Meta Q2 earnings updates: Wall Street is bullish, eyeing AI opportunities with stock up 20% this year
Meta will report earnings for the second quarter after the closing bell on Wednesday. Wall Street expects $44.3 billion in revenue for the quarter.
Zuckerberg wants to give everyone their own personal superintelligence through Meta's new vision
Meta CEO Mark Zuckerberg revealed plans for a personal AI superintelligence that will help individuals achieve goals and pursue creative endeavors over productivity tools.
