AI capex may be Meta's biggest earnings test

Meta Platforms (META) is on deck to report third quarter earnings results alongside a wave of its Big Tech peers this week. The 8:30 Hosts Jake Conley, Julie Hyman, and Pras Subramanian weigh in on the earnings and spending forecasts ahead of Meta's reporting. Video Transcript 00:00 Speaker A Let's talk about Meta also. That reports Wednesday after the close. One interesting thing I thought here is that if you look at the options and what they're pricing in, the implied move in the stock is 3.2% up or down. That would actually be the smallest move since it reported fourth quarter 24. So we'll see what happens. Okay, what I'm watching, the GAAP earnings per share estimate is $3.54.