Meta Platforms (NASDAQ: META) is set to deliver earnings as investors weigh accelerating AI investment against slowing profit growth concerns. Shares are down about 8% over the past five trading days. On July 29, analysts expect Meta to report revenue of about $60.2 billion and EPS of between $7.18 and $7.23. According to The New York Times, Meta is negotiating to provide computing power to Anthropic in a potential $10 billion deal over two years. Separately, Bloomberg reported that Meta is working on a cloud computing business, with CEO Mark Zuckerberg saying commercial AI infrastructure is “definitely on the table.” Meta plans to spend between $125 billion and $145 billion on AI infrastructure in 2026. Wall Street expects Q2 earnings per share of about $7.20 and revenue of about $60.2 billion. Key questions include whether Meta sustains its $125 billion to $145 billion guidance, talks further about the potential cloud computing business, and sheds light on the Anthropic partnership. In the first quarter, Meta’s ad revenue increased 33% year over year to $55.02 billion, supported by a 19% increase in ad volume and a 12% increase in ad price.