FINWIRES · TerminalLIVE
FINWIRES
Meta Platforms, Inc.

Meta Platforms, Inc.

$META
NASDAQTechnology

302 stories mentioning Meta Platforms, Inc.Updated 5h ago

Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.

Japan

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$ARM$AVGO$AZN$CVX$LRCX$MA$META$MSFT$PG$QCOM$SHEL$STX$TM$V$XOM
Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck
US Markets

Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck

The benchmark US stock measures were pointing higher before the opening bell Monday after the US and Iran halted strikes over the weekend, while traders gear up for a busy week that includes a major policy decision by the Federal Reserve, a key inflation report and earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.8% each in premarket activity, while the Nasdaq increased 1.4%. The S&P 500 and the Dow finished Friday's trading session in the green, while the Nasdaq closed lower.After 13 consecutive nights of strikes against Iran, no US attacks against Tehran were officially announced over the weekend. Iran said it will also halt its attacks as long as the US does the same, a senior Iranian official told Reuters on Sunday.West Texas Intermediate crude oil dropped 6.4% to $83.56 a barrel before the open, while Brent fell 8% to $89.06.The US ambassador to the United Nations Mike Waltz reportedly told Fox News on Sunday that President Donald Trump has paused strikes against Iran to give talks "some space."Iranian Foreign Ministry spokesman Esmail Baghaei said technical talks with Oman on the Strait of Hormuz continued over the weekend, CNBC reported.Meanwhile, Iran summoned Ukraine's charge d'affaires in Tehran on Sunday over an attack on an Iranian commercial vessel in the Caspian Sea, calling it a "hostile and criminal act," according to a separate CNBC report.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due the following day. The probability the central bank will leave its benchmark lending rate unchanged currently stands at 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Traders also await the personal income and outlays report for June later in the week. The report includes the personal consumption expenditure core price index, the Fed's preferred inflation metric.Treasury yields were down in premarket action, with the two-year rate retreating 2.6 basis points to 4.31% and the 10-year rate off 3.8 basis points to 5.12%.Monday's economic calendar has the durable goods orders report for last month at 8:30 am ET, followed by the Dallas Fed manufacturing survey for July at 10:30 am.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).Shares of Forte Biosciences (FBRX) jumped 39% pre-bell after it agreed to be acquired by Belgian-Dutch immunology firm argenx (ARGX) in a deal worth roughly $2.2 billion. AstraZeneca's (AZN) US-listed stock gained 1.4% after the company reported its latest quarterly results.Gold inclined 0.7% to $4,098 per troy ounce, while bitcoin advanced 1.1% to $65,350.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARGX$AZN$BA$FBRX$KO$MA$META$MSFT$PG$QCOM$V$XOM
Japan

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.4% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.5% at $85.74 per barrel and US West Texas Intermediate crude 6.8% lower at $83.23 per barrel.The June durable goods orders report is expected to show a 1.8% increase after a decline of 4.5% in the prior month, according to estimates compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARM$AZN$LRCX$MA$META$MSFT$PG$QCOM$STX$V
Asia Markets

US Equity Investors to Focus on Mag-7 Earnings, Fed Policy Statements This Week as Halted Iran Strikes Make Way for Diplomacy

US equity investors will focus on big-tech earnings, inflation, and the Federal Reserve policy meeting this week amid a pause in Middle East hostilities.* Four Magnificent-7 giants will be key among quarterly results due this week. Results from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon.com (AMZN) will be closely monitored as investors look for more evidence justifying AI-related capital expenditure reportedly exceeding $800 billion this year. Alphabet (GOOG, GOOGL) and Tesla's (TSLA) shares slumped last week after the duo announced negative free cash flows.* Over a quarter of S&P 500 constituents have reported Q2 financial results through Friday, according to a Sunday note from DA Davidson. Earnings have increased by almost 69% year-over-year, ahead of the consensus of more than 23% as of June 30. "Most of this outperformance is being skewed by a handful of semiconductor stocks that have reported large Y/Y figures, as well as GOOGL, which reported huge growth driven primarily from investment gains in SpaceX and Anthropic," per the note.* In addition to the Fed's July policy meeting and Chair Kevin Warsh's press conference, investors will focus on macroeconomic data due this week, including the personal consumption expenditures price index, or PCE, the advance read on Q2 gross domestic product, durable goods orders, and the University of Michigan's consumer sentiment and inflation expectation prints.* US and Iran strikes have paused after nearly two weeks of nightly bombing by the American military and Iranian attacks on US allies, CNN reported Monday. Mike Waltz, the US ambassador to the United Nations, said in interviews Sunday that President Donald Trump is giving talks "some space" to develop after diplomatic efforts ramped up over the past few days.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$META$MSFT$TSLA
Sectors

Sector Update: Tech Stocks Decline Friday Afternoon

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.3%.The Philadelphia Semiconductor index shed 2.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 1.4%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were down 1%.Amkor Technology (AMKR) shares fell 0.5%. The company said late Thursday it has launched a multiyear partnership with Nvidia (NVDA) to develop semiconductor packaging and test technologies for AI and accelerated computing platforms.

$AAPL$AMKR$AMZN$GOOGL$META$ORCL$QCOM
Wire

Trump Administration Opening Section 301 Probe Into EU Over Tech Company Fines

President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google."The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.The companies didn't immediately reply to a request for comment from.Price: $332.47, Change: $+10.81, Percent Change: +3.36%

$AAPL$AMZN$GOOG$GOOGL$META
Wire

Meta Launches Seller App on Facebook Marketplace

Meta Platforms (META) said Friday it has launched Seller, a standalone mobile application for people who sell on Facebook Marketplace.Seller, available on the App Store for people over 18 in the US, give sellers tools, like AI-powered listing creation, an inbox, inventory management, and performance insights, the firm said.Price: $601.68, Change: $-4.42, Percent Change: -0.73%

$AAPL$META
Wire

Trump Administration Opening 301 Probe Into EU Treatment of US Tech Companies

Trump Administration Opening 301 Probe Into EU Treatment of US Tech Companies

$AAPL$AMZN$GOOG$GOOGL$META
Wire

Nvidia, Microsoft, Other Tech Giants Reportedly Urge Policymakers Against 'Premature' Open-Weight AI Restrictions

Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Palantir (PLTR) and over 20 other tech companies penned a letter Friday urging policymakers to avoid "premature restrictions" on open-weight artificial intelligence models.The companies didn't immediately reply to requests for comment from.Price: $209.25, Change: $+0.49, Percent Change: +0.23%

$META$MSFT$NVDA$PLTR
Wire

Nvidia, Microsoft, Other Tech Firms Urge Policymakers Against 'Premature' Open-Weight AI Restrictions

Nvidia, Microsoft, Other Tech Firms Urge Policymakers Against 'Premature' Open-Weight AI Restrictions

$META$MSFT$NVDA$PLTR
Meta Likely To Report Strong Second-Quarter Results Amid Advertising Strength, Deutsche Bank Says
US Markets

Meta Likely To Report Strong Second-Quarter Results Amid Advertising Strength, Deutsche Bank Says

Meta Platforms (META) is expected to report strong second-quarter results as improvements in advertising performance continue to drive spending by advertisers, Deutsche Bank said in a note Friday.The brokerage said Meta's advertising revenue is likely to trend toward the upper end of the company's outlook, supported by stronger returns for advertisers, higher conversion rates and continued benefits from artificial intelligence-powered improvements to ad targeting and campaign automation.Deutsche Bank expects second-quarter revenue of about $60.5 billion. Analysts polled by FactSet estimate the metric at $60.22 billion. Meta is scheduled to announce its second-quarter results on July 29.The bank said the third-quarter setup for Meta is "similarly constructive," with buy-side investors expecting the high end of revenue outlook near $64 billion."We think that bar is achievable if Meta sustains the recent magnitude of outperformance relative to its initial guidance, supported by improving ad efficiency, continued engagement growth, with growing contributions from business messaging," Deutsche Bank analyst Benjamin Black wrote.Meta's capital expenditures are expected to remain elevated, but the company is already seeing meaningful benefits from those investments, while subscriptions and infrastructure services could create additional revenue streams over time, Black added.Deutsche Bank lowered its price target on Meta shares to $800 from $810 and reiterated its buy rating.Earlier in the week, BofA Securities and Wedbush Securities said Meta's second-quarter results are likely to be supported by solid advertising trends, though both expect the company to raise its full-year capital expenditure guidance.

$META
Treasury

Market Chatter: BlackRock Starts $12.3 Billion Bond Sale for Meta Platforms Data Center

BlackRock (BLK) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg News reported Friday, citing a person familiar with the matter.A holding company linked to the asset manager is offering a single tranche of notes maturing in 2048 at a premium of roughly 2.875 percentage points above Treasuries, the news outlet quoted the person as saying.The sale proceeds will support a Texas facility expected to deliver up to 1 gigawatt of computing power, with BlackRock units holding 80% stake and Meta owning the rest, according to the report.BlackRock and Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1040.77, Change: $+3.61, Percent Change: +0.35%

$BLK$META
Majority of Residents Oppose AI Data Center Construction in Their Area, Redfin Survey Shows
US Markets

Majority of Residents Oppose AI Data Center Construction in Their Area, Redfin Survey Shows

A majority of US residents object to artificial intelligence data centers being built near their homes despite the economic benefits of such projects, a Redfin.com survey showed Wednesday.Some 53% of Americans opposed construction of those data storage and processing facilities in their neighborhoods, while 34% expressed support, according to the online real estate brokerage. The survey covered 4,000 respondents, who were asked about how they feel about certain types of properties being built in their areas."People are concerned about noise, increased traffic, heavy water and electricity use, and how a large industrial building might change the feel of their neighborhood," Redfin Premier agent Matt Ferris said. "Right or wrong, the perception is that data centers will change neighborhoods in a negative way."AI data centers can provide educational and other benefits to local communities, according to the report.US technology giants Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) are expanding their data center footprints in the US and globally amid robust demand for AI and cloud services.New York imposed a ban on the construction of new large-scale data centers using at least 50 megawatts of power for up to one year, the first US state to do so, according to a CNBC report last week.Roughly 39% of respondents opposed construction of a new apartment complex in their neighborhood, while 32% were against a mixed-use development, the Redfin survey showed Wednesday. Some 48% opposed converting single-family homes into smaller dwellings to increase supply in their area.In terms of age group, older generations are more likely than the younger ones to oppose data centers in their area, according to the report.Price: $244.09, Change: $-3.46, Percent Change: -1.40%

$AMZN$GOOG$GOOGL$META$MSFT
Meta Poised for Continued Ad Business Strength, With Capex Outlook in Focus, Wedbush Says
US Markets

Meta Poised for Continued Ad Business Strength, With Capex Outlook in Focus, Wedbush Says

Meta Platforms' (META) upcoming results are likely to benefit from continued strength in its advertising business, while the technology giant could raise its full-year capital expenditures guidance as it pursues its artificial intelligence-related initiatives, Wedbush Securities said Wednesday.The brokerage expects the Facebook and Instagram parent to post second-quarter earnings of $7.10 a share on revenue of $60.08 billion. The print is likely to highlight a strong core ad business that is benefiting from AI-driven product improvements and robust ad spending, according to Wedbush.Wall Street is looking for EPS of $7.20 on sales of $60.22 billion, the brokerage said. Meta is scheduled to report results July 29."Management's engagement data points show real usage growth in Meta AI, and there are positive early indications on business AI as well," Wedbush analysts Ygal Arounian and Chase Tohanczyn said in a note to clients Wednesday. "However, outside of the ad stack, initiatives are still early: Meta AI/Muse Spark, business AI, subscription tiers, a potential Meta cloud offering, and custom silicon are all early-stage or potential initiatives."The company's current 2026 capex outlook range is $125 billion to $145 billion."Meta has seen significant growth in capex investment, and we expect to see that continue as the company works towards its superintelligence ambitions and builds out its Muse Spark foundation models," Arounian and Tohanczyn said. "We don't expect to get specific guidance for 2027 capex, but we could see 2026 capex guidance raised again, and commentary directionally that 2027 spend should step up materially again."The gap between Meta's capex intensity and diversified monetization opportunities remains the "central debate" surrounding the stock, Wedbush said.The brokerage has a neutral rating on the tech giant's stock, with a price target of $671.Price: $629.50, Change: $-14.31, Percent Change: -2.22%

$META
Wire

Meta Platforms Appoints Assaf Keren as Chief Information Security Officer

Meta Platforms (META) has named Assaf Keren as its new chief information security officer to succeed Guy Rosen, effective later this year, Keren said in a LinkedIn post Wednesday.Keren was most recently the chief security officer at Qualtrics and has previously worked at PayPal (PYPL), according to his LinkedIn profile.Price: $629.00, Change: $-14.81, Percent Change: -2.30%

$META$PYPL
Wire

Meta Platforms Faces Higher AI Spending, Slower Ad Growth, Oppenheimer Says

Meta Platforms (META) faces sharply higher artificial intelligence infrastructure spending and slowing advertising growth, Oppenheimer said in a report emailed Wednesday.The company is scheduled to report its Q2 results on July 29.The firm estimated Meta may need to spend at least $205 billion in 2027 to reach its reported 14-gigawatt data center capacity target, compared with Wall Street's estimate of about $159 billion. Rising memory and equipment costs could push the cost of one gigawatt of capacity to about $39 billion in 2026 and $44 billion in 2027, the report said.Subletting excess computing capacity would be only about 4% incremental to consensus earnings and would not justify a higher valuation without long-term agreements, the report said, adding that advertising growth could also decelerate without incremental AI tailwinds.The analyst cut 2026 and 2027 earnings estimates by 1% and 2%, respectively, and raised the 2027 capital spending forecast by 26% to $207 billion. For 2028, the analyst expects capital spending of $218 billion compared with Wall Street estimates of $150 billion, according to the report.Oppenheimer maintained a perform rating on Meta Platforms.Price: $628.51, Change: $-15.31, Percent Change: -2.38%

$META
Wire

Meta Platforms Set to Report Strong Q2 Amid Solid Ad Market, Wedbush Says

Meta Platforms (META) is expected to deliver strong Q2 results, driven by product improvements and a solid ad market, while artificial intelligence and capital expenditure remain key concerns, Wedbush Securities said in a note Wednesday.The tech giant is scheduled to report its Q2 results on July 29.The analysts said management reported growing user engagement with Meta AI and early positive signs for Business AI. However, beyond its advertising business, initiatives such as Meta AI/Muse Spark, Business AI, subscription tiers, a potential cloud offering, and custom AI chips are still in the early stages of development, they said.The key debate for investors remains whether Meta's significant AI and capex spending will translate into diversified sources of monetization beyond its core advertising business, "and the reason we remain on the sidelines despite Meta's valuation discount to peers," the analysts added.The analysts said they forecast revenue of $253 billion in 2026 and $301 billion in 2027. Earnings before interest, taxes, depreciation, and amortization are expected to be $146 billion in 2026 and $177 billion in 2027, while GAAP diluted earnings per share are projected at $33.02 and $34.09, respectively, they said.Wedbush has a neutral rating and a $671 price target on Meta.Price: $629.47, Change: $-14.34, Percent Change: -2.23%

$META
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks rose late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) each adding 0.2%.The Philadelphia Semiconductor Index gained 0.6%.In corporate news, Advanced Micro Devices (AMD) shares climbed 2.3% after the company expanded its partnership with Microsoft (MSFT) spanning AMD GPUs, CPUs, networking, and software on Microsoft Azure. Microsoft shares added 1.8%.Alphabet's (GOOGL) Google is working on a new server chip that will allow it to serve AI models to users more efficiently, The Information reported. The stock rose 1.6%.Meta Platforms' (META) Q2 results are expected to top Wall Street's estimates amid solid advertising trends, while higher memory costs may prompt the company to increase its full-year capital expenditures outlook, BofA Securities said. Meta shares added 0.4%.Nvidia (NVDA) expanded its Nvidia Agent Toolkit to include new Omniverse libraries, enabling AI agents to add physical-world AI capabilities to applications, as well as prepare 3D content for simulation. The stock eased 0.1%.

$AMD$GOOGL$META$MSFT$NVDA
Sectors

Sector Update: Tech Stocks Higher in Afternoon Trading

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index added 1.7%.In corporate news, Alphabet's (GOOGL) Google is working on a new server chip that will allow it to serve its AI models to users more efficiently, The Information reported. Its shares rose 1.8%.Meta Platforms' (META) Q2 results are expected to top Wall Street's views amid solid advertising trends, while higher memory costs could prompt the technology giant to increase its full-year capital expenditures outlook, BofA Securities said in a note. Meta shares added 0.5%.Nvidia (NVDA) said Monday it expanded its Nvidia Agent Toolkit to include new Omniverse libraries, enabling AI agents to add physical AI capabilities to applications, as well as prepare 3D content for simulation. Its shares rose 0.6%.

$GOOGL$META$NVDA
Meta Likely to Beat Second-Quarter Expectations on Strong Ad Growth, BofA Says
US Markets

Meta Likely to Beat Second-Quarter Expectations on Strong Ad Growth, BofA Says

Meta Platforms' (META) second-quarter results are expected to top Wall Street's views amid solid advertising trends, while higher memory costs could prompt the technology giant to increase its full-year capital expenditures outlook, BofA Securities said Monday.The brokerage expects the Facebook and Instagram parent to post earnings of $7.50 a share on revenue of $60.63 billion for the June quarter, citing "stronger" ad trends, partially offset by recent depreciation of the US dollar. The Street is looking for $7.18 and $60.20 billion, respectively, BofA said in a note to clients."With 10% workforce reduction in May (and) job postings down 49% (quarter on quarter) in (the second quarter), we expect EPS upside," BofA analyst Justin Post wrote. "We think content retrieval (and) ad revenue benefits from (artificial intelligence) model integration, usage and opportunities for Muse Spark, and potential for external compute sales would be focus areas for (the second-quarter) call."Meta could lift its 2026 capex outlook to between $135 billion and $150 billion from its current range of $125 billion to $145 billion amid higher memory costs, according to the note. "We do not expect AI infrastructure investment to slow near term given industry-wide compute capacity constraints," Post said.For the ongoing quarter, the brokerage expects Meta to project revenue between $60.5 billion and $63.5 billion."Risks include tougher comps that could decelerate ad growth below expectations, and further escalation (or prolonged) conflict in the Middle East that could impact ad spend and Meta's (third-quarter) growth outlook," Post wrote.BofA reiterated its buy rating on the Meta stock while keeping its price objective at $835.The company's current valuation "underappreciates AI capacity benefits," with future stock performance likely seen driven by new revenue streams, advertising upside from large language model integration, and proprietary chip progress, according to the brokerage."Biggest risks are commentary suggesting another step up in 2027 capex, capital raises, and social media addition trial expected to start in August," Post said.Meta is scheduled to report second-quarter results July 29.Price: $648.20, Change: $+2.19, Percent Change: +0.34%

$META

Showing 41-60 of 302

Track with the FINWIRES app suite