What happens when the AI stock market bubble bursts?
The hottest stocks in the market – Apple, Nvidia, and Meta – reflect the hype from past crashes. Will AI optimism crumble soon?
Meta is scheduled to announce third-quarter financial results on Wednesday.
The company’s earnings are expected to grow 14% in the third quarter, down from 27% in the second quarter, according to Bloomberg data.
In the first and second quarters of this year, the company reported better-than-expected revenue. Meta has a long history of outperforming Wall Street expectations, and the company’s stock soared 12% after its last report.
The company, which owns Facebook and Instagram, expects third-quarter sales of between $47.5 billion and $50.5 billion, according to Bloomberg.
The company’s third quarter report is scheduled to be released after the stock market closes on October 29th, and will provide an overview of the company’s financial performance and outlook.
Meta is the first of many Magnificent Seven companies, including Microsoft Corp., Alphabet Inc., Nvidia Inc., Amazon.com Inc., Apple Inc. and Tesla Inc., to file reports this week.
Microsoft and Google will also report their results on October 29th, and Apple and Amazon will report on October 30th. Tesla will report its financial results on October 22nd. NVIDIA will report its financial results on November 19th.
As of this month, the S&P 500’s largest constituent, the Magnificent Seven, accounted for 34% of the index’s total value.
Here’s how to check your Meta earnings
Meta will release its earnings report on its Investor Relations website after the bell on October 29th. At 4:30 p.m. ET, company leaders will hold a conference call to discuss the results. The conference call will also be accessible through the company’s Investor Relations website.
Wall Street’s expectations
According to CNBC, Wall Street analysts expect third-quarter sales to rise 22% year-over-year to $49.4 billion, in addition to a 19% increase in 2025 sales to $196.2 million.
What did Meta say in its last earnings report?
The company is increasing its investment in AI. According to Bloomberg, during the company’s last earnings call, CEO Mark Zuckerberg said the company aims to build a “personal superintelligence” that helps people’s jobs, not takes them away.
The company said it has the resources and expertise to build out its AI infrastructure and continue to bring new technology to people across its products. However, the company said that AI-related costs will continue to increase. Meta previously said it expected capital spending to be up to $72 billion this year.
What is Meta’s stock price?
Meta Inc. stock rose 0.08% to close in the green on Tuesday October 28th.
Michelle Del Rey is a trending news reporter for USA TODAY. Please contact mdelrey@usatoday.com.
