At $593.41, Meta Platforms (NASDAQ:META | META Price Prediction) screens as an attractive setup for research.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is expected to post second-quarter results above Wall Street expectations, with analysts pointing to healthy advertising demand and early returns from artificial intelligence investment even as investors press the company for clearer evidence its AI spending will pay off. Bank of America expects Meta to report revenue of $60.6 billion and earnings per share of $7.50, above consensus of $60.2 billion and $7.18, citing healthy ad growth and potential upside from May's workforce reductions.
Meta (NASDAQ: META | META Price Prediction) founder and CEO Mark Zuckerberg has just done the rounds of the business press complaining about the way Anthropic and OpenAI rule the AI sector.
Meta Platforms is slated to post its quarterly earnings after markets close today, with traders pricing in a sizable move from the social media giant's stock.
Meta CEO Mark Zuckerberg told the Financial Times the U.S. government should not block Chinese models to gain an edge in the AI race, and warned against "regulatory capture" by American frontier labs that could stifle domestic competition.
At $593.87, Meta (NASDAQ:META | META Price Prediction) is a Hold heading into its July 29 earnings report.
While heavy AI spending has been a point of contention, Meta's strong ad-targeting performance and low valuation make for a must-watch report.
META is scaling AI data centers to boost model development, ad performance and engagement despite rising costs and fierce competition.
META's Q2 results may show ad revenue gains as AI targeting, stronger engagement and rising impressions boost advertiser returns.
Meta Platforms (META) shares are inching lower heading into the company's fiscal Q2 results set to be posted after the market close on Wednesday, July 29th. Consensus is for the tech behemoth to record $60.2 billion in revenue on $7.18 a share of earnings, which would represent roughly no change in bottom-line on a year-over-year basis.
Meta is set to report earnings on Wednesday after the market close. Kalshi traders think the company on its conference call will likely highlight its Ray-Ban Meta smart glasses.
Following Alphabet's earnings last week, investors will be closely scrutinizing Meta's AI spending.