1
google-trend sg www-forbes-com
Meta Stock Pops As $37 Billion AI Spend Makes It A Buy
The company’s sales increased to $39.1 billion, up 22% compared with a year prior. Meta also raised Q3 guidance as AI helps it gain digital advertising market share.
When it comes to stocks, CEOs should follow a simple rule: beat and raise — for example, if a company’s most recent revenue growth and future guidance exceed Wall Street expectations, its stock price usually goes up.
On July 31, Meta CEO Mark Zuckerberg followed this rule when reporting the company’s second quarter performance. In response, Meta stock popped as much as 8% in the after-market, the Financial Times reported.
With Meta stock up 37% this year as of July 31, is it too lat
19
1
