<ul><li>Meta reported another stellar financial quarter with $40.6bn in sales, surpassing investor expectations.</li><li>However, shares fell as the company missed Wall Street expectations for daily active users.</li><li>Meta is heavily investing in AI, expecting capital expenditure of up to $40bn in 2024 and $50bn in 2025.</li><li>Despite concerns over daily active users, Meta is expanding its hardware line and facing legal pressure regarding the effects of its products on children.</li></ul>

Meta rides AI boom to stellar quarterly earnings, but slightly less than expected

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