The Roundhill Magnificent Seven ETF surged to an all-time high Thursday morning. The ETF is being powered by blockbuster quarterly earnings from key holdings Microsoft and Meta Platforms.
Shares of social network operator Meta Platforms (NASDAQ:META)
jumped 12.1% in the afternoon session after the company reported second-quarter financial results that far surpassed Wall Street's expectations.
Meta Platforms (NASDAQ: META), formerly known as Facebook, Inc., stands as a colossal force in the global technology landscape. What began as a simple social network for college students has evolved into a sprawling ecosystem encompassing social media, messaging, virtual reality, and ambitious ventures into artificial intelligence and the metaverse.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Meta Platforms obliterated Wall Street's expectations in Q2, sending shares up over 10%. The tech stock continues to be one of the best AI plays in the market.
The AI revolution is booming with tech giants like Meta, Microsoft, and Google investing $240 billion in AI infrastructure, signaling its growth potential. This also benefits hardware and infrastructure companies like Amphenol, Arista, and Lumentum.
Meta Platforms (NASDAQ:META) had a strong Q2, boosted by AI-driven ad tools. AI is also paving the way for future ambitions, with a $100B capex target in 2026.
Meta Platforms Inc (NASDAQ:META) shares are moving higher Thursday after the company reported better-than-expected financial results for the second quarter and issued strong guidance.
