Meta Platforms, Inc. (NASDAQ:META) shares are trading higher on Wednesday amid overall strength in tech.
What To Know: On Wednesday, the market experienced a rally attributed to anticipation surrounding Nvidia’s second-quarter earnings report, scheduled after the market close. The earnings report is being viewed as a critical moment for the market by multiple analysts.
Since Nvidia’s blowout first-quarter earnings report, in which the company made waves by highlighting the massive demand for AI, the stock has been in the spotlight and fueled tremendous interest in AI technology.
Meta, as well as the the broader tech sector, also rallied Wednesday ahead of Nvidia’s earnings report.
Meta stock is up 145.03% year-to-date.
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META Price Action: Shares of META were up 2.62% at $295.15 at the time of publication, according to Benzinga Pro.
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