Meta Platforms Inc. reported revenues of $42.3 billion for the first fiscal quarter, surpassing market expectations, with its advertising business delivering particularly robust results. The company has outlined plans to ramp up spending, with a sharp focus on investments in the artificial intelligence (AI) sector. CEO Mark Zuckerberg emphasized that Meta is well-positioned to navigate macroeconomic uncertainties. Consequently, the company has raised its full-year spending forecast to a range of $64 billion to $72 billion, primarily allocated towards data centers and infrastructure hardware. Despite concerns over tariffs impacting the advertising business and the increased AI spending, Meta's share price soared by over 6% in after-hours trading. Earnings per share stood at $6.43, marking a 37% year-over-year increase. Analysts noted that Meta's forward guidance and enhanced capital expenditures have sent a positive signal to the broader AI industry.