Share prices of Meta Platforms (NASDAQ: META) bolted higher after the owner of Facebook and Instagram reported strong second-quarter results and issued upbeat guidance. The stock has been a great performer this year, up about 40%.

Artificial intelligence (AI) continues to be a major focus for the social media company, with Meta ready to invest significant money into its newest large language model (LLM) Llama 4.

Let's dive into Meta's Q2 earnings report and guidance as well as its AI ambitions and whether the stock remains a buy after the run-up in the stock this year.

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Source Fool.com