Meta Q2 earnings updates: Wall Street is bullish, eyeing AI opportunities with stock up 20% this year

Meta Platforms will report its second-quarter results after the closing bell on Wednesday.Wall Street is feeling mostly bullish heading into the results. Analysts are eyeing strong AI opportunities and growth in ad spend, but there's some growing caution around high levels of capex and Meta's recent hiring spree aimed at furthering its AI ambitions. Analysts expect the Facebook parent to report $44.83 billion in revenue and earnings per share of $5.89.Meta stock is up about 20% year-to-date through Tues ...