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Meta's stock jumps into record territory, as earnings blow past expectations
Meta posted a second-quarter profit that beat expectations by a wide margin, and revenue that topped forecasts for a 12th-straight quarter, as active users, ad impressions and ad prices all rose. The company also provided a revenue outlook for the current quarter that was better than forecast.
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).
Investors continue to underestimate artificial intelligence (AI), the secular tailwinds behind the chipmaker's supercharged ...
Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come ...
If the company’s core business continues growing at the current rate and its Superintelligence efforts gain traction, ...
The company just crushed Wall Street's earnings expectations, fueled by AI-driven efficiency gains in its thriving ad ...
Meta raced to a new all-time high on Wall Street, with the parent company of Facebook and Instagram seeing its share price ...
The parent company of Facebook and Instagram continues to exceed expectations for ad sales. Analysts are less sure about its ...
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Meta Platforms Just Hired One of ChatGPT’s Co-Creators. Is META Stock a Buy Here as Zuckerberg Doubles Down on AI?
Mark Zuckerberg-led Meta Platforms (META) has appointed former OpenAI researcher Shengjia Zhao as the chief scientist of its ...
The S&P 500 dropped 0.37% and closed at 6,339.39 for its third straight losing day, while the Nasdaq Composite inched down ...
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