Meta stock climbs after earnings beat on AI, smart glasses

Category: Finance

Meta's stock rose 4% after CEO Mark Zuckerberg announced plans to invest hundreds of billions in AI infrastructure. The company reported fourth-quarter revenues of $48.4 billion, exceeding expectations, with a net income of $20.8 billion. Meta aims to enhance its AI capabilities and expand its workforce despite recent job cuts.

Keywords: Meta, AI investment, stock market

Source: Yahoo Movies

Update At: 1/30/2025

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