Meta Shares Rise After Zuckerberg Offers Upbeat Outlook
Revenue projection for the fourth quarter is $47 billion, or growth of 17%, the average estimate of analysts surveyed by Bloomberg. That includes $1.11 billion expected from Reality Labs (more on that to come). Daily Active People estimate across all of Meta’s products: 3.283 billion.
Meta to announce Q4 earnings amid AI spending spree
CEO Mark Zuckerberg announced that Meta plans to spend between $60 billion and $65 billion on AI infrastructure projects throughout 2025, including the construction of a data center that the executive says is so large its footprint would cover a large chunk of Manhattan.
Mark Zuckerberg, Chairman and CEO of Meta Platforms, Inc. (NASDAQ:META), executed significant stock transactions recently.
Meta Platforms is expected to report its fourth-quarter results after the closing bell on Wednesday, with analysts mostly ...
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital ...
Meta stock is gaining ground Thursday after the social media giant reported strong earnings, but what does Wall Street have ...
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle and ...
Meta Platforms stock (META) had ticked up less than 1% after a somewhat delayed release to its Q4 earnings, but it rose 5% as ...
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue ...
It has been a busy week for both Wall Street and Silicon Valley as many tech companies unveil their Q4 2024 earnings reports.
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