Meta Q2 earnings updates: Wall Street is bullish, eyeing AI opportunities with stock up 20% this year
1. Meta's Q2 earnings report shows strong revenue expectations of $44.83 billion. 2. Analysts project EPS of $5.89, with ad revenue growth anticipated. 3. Stock is up 20% this year, ranking among top Magnificent Seven performers. 4. Concerns arise over high capital expenditures and recent hiring for AI. 5. Focus remains on AI opportunities and their impact on future growth.