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Meta's stock price jumped after hours, with no fear of tariff concerns over advertising and AI spending.
Meta Platforms Inc. reported that its first-quarter revenue exceeded Wall Street's estimates, indicating that the company's advertising business has so far weathered the challenges posed by the trade war during the Trump administration. Meta, which owns Facebook and Instagram, announced on Wednesday that its first-quarter revenue was $42.3 billion, surpassing analysts' forecast of $41.4 billion for the quarter ending March 31. The company also stated that its revenue for the quarter would meet analysts' expectations, and it would increase spending as it continues to invest in the AI field. "We are prepared to address macroeconomic challenges.
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On April 30, the top 20 trading volumes in the U.S. stock market: Super Micro Computer's preliminary Earnings Reports significantly missed expectations.
On Wednesday, Tesla, ranked first in U.S. stock trading volume, closed down 3.38% with a transaction volume of 35.226 billion USD. Data shows that as of the week ending April 27, the number of new registered Tesla electric vehicles in the domestic market was 10,300, a 51% increase from the previous week's 6,780, but down 30.5% compared to the same period last year. NVIDIA, ranked second, closed down 0.09% with a transaction volume of 23.471 billion USD. Super Micro Computer, a manufacturer of AI servers, provided a performance forecast that was far below expectations, raising concerns among investors about weak demand for AI servers, which dragged down stocks like NVIDIA. Meta ranked third.
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