Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come with a hefty price tag.

In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased.

Meta Platforms Inc (NASDAQ:META) surged over 8% in after-hours trading Wednesday following stronger-than-expected second-quarter earnings and optimistic guidance, fueled by its expanding artificial