Why Meta Platforms Stock Is Skyrocketing Today

Shares of Meta Platforms (NASDAQ: META) are flying higher on Thursday, up 12.2% as of 2:53 p.m. ET. Today's jump comes as the S&P 500 was flat and the Nasdaq Composite gained 0.3%.The tech giant reported earnings after markets closed on Wednesday, including a blowout quarter that beat the already high expectations of Wall Street.The second-quarter earnings report showed that the company's huge base of daily active users (DAUs) is still growing, up 6% year over year (YOY). This, along with efficiency gains that the company attributed to AI, drove huge growth in earnings and sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool