Tech Insider
Mark Zuckerberg graphic with dollar bills behind him
Meta expects infrastructure costs to be a "significant driver of expense growth next year."

Jeff Bottari/Zuffa LLC via Getty Images; iStock; Rebecca Zisser/BI

  • Meta's second-quarter revenue hit $39 billion, surpassing Wall Street expectations.
  • The company says it's going to keep spending big this year to support AI research and development.
  • Investors cheered despite the plans for increased spending. Meta's stock rose nearly 7% after hours.

Investors seem to be backing Meta's continued heavy spending on AI.

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Tech, AI, Earnings, meta, mark-zuckeberg, rebecca-zisser, bi-illustration
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Meta's going to spend like crazy on AI in the next year — and investors don't h…