Meta Q2 ad sales expected to rise

META Platforms is expected to report a 20 percent rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns.

The social media giant, like its tech rivals Google-parent Alphabet and Microsoft, is spending billions on tech infrastructure to support AI development. In April, Meta's upward revision in full-year expenses shaved off nearly $170 billion from its market capitalization in a single day.