RBC's Brad Erickson: Expect to see really good numbers in Meta's earnings

Meta's Expected Performance - RBC expects Meta to report strong numbers, with revenue growth in the high teens, likely in the 16-18% range [2] - Guidance is expected to be around or slightly above street estimates for Q3 [2] - RBC anticipates good operating margins for Meta [2] - Capex remains a key question for Meta [2] AI and Meta's Strategy - Zuckerberg is positioning Meta as a leader in super intelligence and AI [9] - Meta is focusing on AI for personal use and productivity, differentiating itself from competitors focused on enterprise workforce productivity [8] - Meta aims to add utility to people's lives through AI, increasing engagement and ad revenue [10][11] Competitive Landscape - Meta's competitors in the AI space include Google, Anthropic, OpenAI, and Perplexity [10] - The competition revolves around adding utility to people's lives and increasing engagement [10] Ad Market Dynamics - Small and medium-sized businesses are key drivers for Meta's business [4] - Ad prices in the auction are increasing, indicating strong demand [4]