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00:02Meta's massive artificial intelligence spending and adoption of its Mews personal assistant
00:07will be in focus when the company reports third quarter earnings Wednesday, according to Reuters.
00:11Analysts expect capital expenditures to more than double to $41.68 billion, according to Visible Alpha.
00:18The rising costs are expected to contribute to a cash burn of $8.52 billion.
00:22Wall Street forecasts a 17% decline in net income to $15.44 billion,
00:27while revenue is expected to grow 23.8% to $63.42 billion.
00:33Bank of America analysts cited positive reception for Meta's recent AI launches and healthy advertising demand.
00:39Morgan Stanley raised its earnings estimates for 2027 and 2028,
00:44citing stronger ad growth and potential revenue from new AI products.
00:47Shares are up nearly 7% this year, underperforming a roughly 12% rise in the S&P 500.
00:53For all things money, visit Benzinga.com.
