Meta soars on Q2 blowout, analyst sees 'AI Powerhouse' path

Meta stock jumped 12.5% in extended trading after a strong Q2 report, with earnings of $7.14 against an expectation of $5.86. Revenue rose 22% to $47.52 billion and daily active users hit 3.48 billion. Gene Munster said the results show AI's growing impact, calling Meta an "AI powerhouse in the making". Retail sentiment was extremely bullish.