Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come with a hefty price tag.

Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, according to Benzinga Pro.

Meta outperformed Wall Street expectations with its Q2 earnings report, sparking an aftermarket rally of as much as 10% Wednesday afternoon. Why it matters: The company's massive continued investments in AI infrastructure and talent — including a high-profile,