Meta Platforms will report its second-quarter earnings after the market close on Wednesday, with investors eager to see if the company’s substantial AI investments will pay off. The social media giant, having amassed 600,000 Nvidia H100 GPUs, aims to showcase the value of its AI advancements alongside its core platforms, including Instagram, Reels, Facebook, and Messenger.
Bank of America anticipates Meta to meet or slightly surpass revenue expectations and exceed profit estimates. Analyst Justin Post noted that the potential TikTok ban in early 2025 could boost Meta’s advertising business, with a “Buy” rating and a $550 price target.
Citi highlighted a strong advertising environment, expecting better-than-expected earnings and revenue. Analyst Ronald Josey pointed to AI-driven content discovery and monetization tools as key factors, noting Meta’s significant engagement and profitability gains.
Investors and analysts will closely monitor these results to gauge the success of Meta’s AI strategy.