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Why is the Meta share price rising after Q4 earnings?
['Stephen Wright', 'Thu January At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Image source: Meta PlatformsThe Meta Platforms (NASDAQ:META) share price is rising in extended trading after the company’s Q4 results on Wednesday (28 January).
After its Q3 update, the stock fell as the firm’s huge artificial intelligence (AI) spending made investors nervous.
Revenues were up by 24% and earnings per share grew 11% – but these aren’t the numbers investors were really waiting for.
This time, the CEO was much more positive about the purpose of the AI investment.
The firm has also been borrowing to finance its AI spending and this also changes the equation.