Meta’s stock soared after beating Q2 expectations with $18.34 billion in earnings, up 36% from last year. Revenue rose 22% to $47.52 billion, surpassing analyst forecasts of $5.88 per share on $44.81 billion revenue. The company’s daily active user base grew to 3.48 billion. CEO Zuckerberg posted views on “personal superintelligence,” aiming to bring AI glasses to the masses as the main tool for integrating superintelligence. Meta recently invested $14.3 billion in AI company Scale and secured nuclear power to meet computing needs, ending the quarter with 75,945 employees. Shares rose 11.8% to $777.08 in after-hours trading, set to reach a record high.

Read more at Yahoo Finance: Meta stock surges after Q2 results blow past expectations despite heavy AI spending