Meta AI Revenue Forecast Sparks Market Volatility
Bank of America predicts Meta's third-quarter AI-driven ad revenue will exceed $63.8 billion, highlighting the platform's growing reliance on artificial intelligence. This optimistic forecast suggests Meta shares could swing by up to 6 percent following the upcoming earnings release.
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Meta shares could swing up to 6% after earnings
Meta Platforms is set to release its third‑quarter earnings on Wednesday. Options pricing indicates traders expect the stock to move up to 6% by the end of the week, potentially pushing the share…
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Bank of America predicts Meta’s Q3 AI-driven ad revenue to exceed $63.8B
Bank of America forecasts Meta’s third-quarter revenue will hit $63.8 billion, surpassing the $63.3 billion consensus estimate, driven by AI’s role in boosting advertising. The bank expects earnings…
1 source