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.

Leveraged funds tied to Meta Platforms surged on Thursday. - Zuckerberg credited artificial intelligence for driving growth in Meta’s core business.

Meta reported its second-quarter earnings on Wednesday, and the company saw an increase of 22% in its total revenue year over year, making $47.52 billion in Q2 alone. Post the earnings announcement, Meta's stocks jumped by approximately 10% as well.