Why Meta Stock Is Soaring Today
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Shares of Meta Platforms surged 2% on Thursday, peaking at 5.1% earlier in the day, following strong Q4 2024 earnings that exceeded Wall Street expectations. Earnings per share rose 50% year-over-year to $8.02, with sales hitting $48.4 billion. However, the company faces challenges with its Reality Labs division, which reported a $5 billion loss, and disappointing Q1 2025 revenue guidance. Additionally, Meta settled a lawsuit with President Trump for $25 million. The company plans to invest over $60 billion in AI infrastructure in 2025, a 60% increase from 2024.
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