Meta will report first-quarter earnings on Wednesday after the closing bell.
The company has had a strong start to 2024, riding the wave of interest in artificial intelligence. JPMorgan says that even though AI dominates investor chatter, the buzz is shifting towards recognizing Meta's early wins in coding efficiencies and cost savings.
Meta's stock was up 40% year-to-date through Tuesday's close, handily outpacing the the S&P 500's 6% gain.