The Latest Breaking News from Meta

The market declined to demonstrate irrational exuberance despite upbeat remarks from the Fed.

As Meta Platforms has outperformed the S&P 500 Index over the past year, Wall Street analysts maintain a highly optimistic outlook about the stock’s prospects.

On Wednesday, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg addressed investor concerns about the profitability of the company's growing wearables business during the third-quarter earnings, saying Meta's investment in smart glasses and augmented reality devices could eventually turn into "an extremely profitable business."

As chipmaker NVIDIA Corp. (NASDAQ:NVDA) surges past $5 trillion in market capitalization, several prominent analysts have reacted to the stock’s unrelenting rally, amid growing concerns regarding its sustainability and speculations of an AI bubble.

Major stock indexes traded mixed on Wednesday, with the Dow Jones Industrial Average slipping nearly 0.2% to 47,632 and the SP 500 holding steady at 6,890.59, while the Nasdaq gained 0.55% to 23,958.47.The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4.00% and announced it would…

Meta Platforms Inc. (NASDAQ:META) saw its stock tumble 7.37% in after-hours trading on Wednesday following its earnings release, but Wedbush analyst Dan Ives believes the pullback misses the bigger picture.

Meta earned $51.2 billion in revenue but was hit by a one-time $15.9 billion tax and $4.4 billion in Reality Labs losses, while Zuckerberg focused on AI.

Tech giant reports earnings of $3.72 per share day after deal with OpenAI pushed value of company to more than $4tn

Meta said its total expenses are expected to increase sharply in 2026, led by large investments in AI infrastructure, data centers, and employee compensation.