Meta Revenue Beats, But AI Spending Crushes Profit Margins: Will the Stock Surge?

Meta Platforms delivered another blockbuster quarter for revenue, but investors were reminded that the race to dominate artificial intelligence comes at a steep cost. The social media giant reported second-quarter revenue of $60.8 billion, beating Wall Street expectations, while earnings per share missed forecasts as massive AI infrastructure investments, legal charges, and restructuring costs weighed The post Meta Revenue Beats, But AI Spending Crushes Profit Margins: Will the Stock Surge? appeared first on BeInCrypto.