Meta is trading 5.3% up at $589.00 as the stock stages a sharp rebound from its July 30 earnings-driven selloff and benefits from broader tech sector strength.
- The stock is gaining alongside a 0.94% rise in the Nasdaq as sentiment toward megacap technology companies improves.
- The move follows a period of volatility after the company's recent earnings report, which detailed higher AI infrastructure spending and margin considerations.