Meta Shares Surge on Upbeat Outlook. Is It Too Late to Buy the Stock?

Meta Platforms (META -2.99%) has been betting big on artificial intelligence (AI), and those investments paid off in the second quarter as the company crushed earnings and revenue expectations. That sent the stock soaring, with it now up 28% on the year, as of this writing. AI powers strong results Meta is using AI in two key ways to help drive growth. First, it's making its content recommendations better, which keeps users on its apps longer. More time on the platform means more ads served. Second, it's us ...