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Meta stock surges

Meta Q2 earnings recap: Stock surges 12% after hours on strong results as AI talent costs heat up

Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come with a hefty price tag.

Barron's on MSN · 11h

Meta Stock Surges Near Record High. Everything to Know About the Facebook Parent’s Blowout Earnings.

Earnings per share for Meta rose to $7.14 versus Wall Street’s consensus estimate of $5.88, according to FactSet, and up from $5.16 last year. Revenue for the quarter reached $47.5 billion, well above expectations of $44.8 billion, and up 22% on the year.

Associated Press News on MSN · 1d

Meta stock surges after Q2 results blow past expectations despite heavy AI spending

In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased.

Meta Smashes Q2 Expectations

Variety on MSN · 1d

Meta Smashes Q2 Expectations as Zuckerberg Touts AI Future: Company Will ‘Bring Personal Superintelligence to Everyone’

Meta now reaches nearly 3.5 billion users across Facebook, Instagram and other apps. And Mark Zuckerberg says the company's mission is to bring AI "personal superintelligence" to all of them.

Fortune on MSN · 1d

Meta’s Mark Zuckerberg laid out his AI vision that outperformed Q2 expectations and sent shares soaring

The social media giant spent $17 billion on capital expenditures during the quarter, mostly on AI infrastructure and data centers and it expects to continue to spend heavily throu

Engadget on MSN · 1d

Mark Zuckerberg shares a confusing vision for AI 'superintelligence'

Mark Zuckerberg has spent the last several months and several billion dollars recruiting prominent AI researchers and executives for a new "superintelligence" team at Meta. Now, the Meta CEO has published a lengthy memo that attempts to lay out his big plan for using the company's vast resources to create "personal superintelligence.

17hon MSN

Meta shares jump as AI fuels ad sales, outweighing big capital costs

Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once ...

21hon MSN

Meta is playing the AI game with house money

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 ...

12h

Meta's AI Isn't Just Smart — It's Paying The Bills

Meta Platforms (NASDAQ:META) had a strong Q2, boosted by AI-driven ad tools. AI is also paving the way for future ambitions, ...

8h

Meta faces antitrust investigation over AI chatbot integration in WhatsApp

The Italian Competition Authority (AGCM) recently launched an antitrust investigation into Meta AI's integration within ...

Tuko on MSN1d

Italy opens probe into Meta over AI tool in WhatsApp

Italy said Wednesday it opened a probe into social media giant Meta for potentially breaking EU competition laws by ...

2d

Meta’s AI Recruiting Campaign Finds a New Target

Meta approached more than a dozen staffers at Mira Murati’s AI startup to discuss joining its new superintelligence lab. One ...

15hon MSN

Meta profits surge helps drive Zuckerberg’s AI ambitions

The Facebook, Instagram and WhatsApp-owner is pumping billions of dollars into artificial intelligence projects.

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