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Meta's stock price jumped after hours, with no fear of tariff concerns over advertising and AI spending.
Meta Platforms Inc. reported that its first-quarter revenue exceeded Wall Street's estimates, indicating that the company's advertising business has so far weathered the challenges posed by the trade war during the Trump administration. Meta, which owns Facebook and Instagram, announced on Wednesday that its first-quarter revenue was $42.3 billion, surpassing analysts' forecast of $41.4 billion for the quarter ending March 31. The company also stated that its revenue for the quarter would meet analysts' expectations, and it would increase spending as it continues to invest in the AI field. "We are prepared to address macroeconomic challenges.
NVIDIA CEO Jensen Huang Discusses U.S. Chip Investment at White House Event
