Meta stock was down more than 6% year-to-date before the company reported earnings, but has still performed better than most of America’s biggest technology companies amid a market selloff spurred by the Trump administration’s trade war and increased tariffs. Rocco pointed not just to the company’s second-quarter forecast, but also to the increase in the company’s expected capital expenditures, which he said was a positive look for the broader AI sector. The company unveiled a new standalone AI app, called Meta AI, which it hopes will compete with rivals like OpenAI’s ChatGPT and give users an easier way to access the product without turning to Facebook, Instagram or WhatsApp.
Author: list.metadata.agency
Published at: 2025-04-30 22:02:05
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