A major test for the market’s AI trading is here in the form of Big Tech earnings, and Meta will be next. Along with Microsoft, the social media giant will report its second-quarter results after the closing bell on Wednesday. Meta is one of the “hyperscalers” spending huge sums of money on its AI projects,
A major test for the market’s AI trading is here in the form of Big Tech earnings, and Meta will be next.
Along with Microsoft, the social media giant will report its second-quarter results after the closing bell on Wednesday. Meta is one of the “hyperscalers” spending huge sums of money on its AI projects, from data centers to its own large language models, and investors are getting impatient to see what those efforts have yielded.
All eyes will be on Meta’s capex figure, the all-important number that has dominated investor reactions to the earnings lately. Alphabet and Tesla set the tone last week with their improved spending outlooks, causing both stocks to fall after the results.
Meta will report after the closing bell at 4 pm ET, and the call with analysts will begin around 4:30 pm. The stock is down 10% so far this year.