Tag: outweighing big capital costs
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Meta shares jump as AI fuels ad sales, outweighing big capital costs
Meta Platforms forecast third-quarter revenue well above analysts’ estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading. The bumper results could ease investor worries about the social media giant’s frenzied pace of spending, at least for now, as it seeks to change Wall…
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