The parent company of Facebook, Meta Platforms, has reported second-quarter earnings that significantly exceeded market expectations, leading to shares jumping 7% in extended trading hours on Wall Street. The greater-than-expected guidance also fuelled the bullish momentum of the stock. Meta shares were up 34% year-to-date as of the close on Wednesday, doubling the performance of Nasdaq Composite Index. AI-driven strategies boost advertising revenueMeta reported revenue growth of 22%, marking the fourth consecutive double-digit increase of over 20%. This robust result was primarily driven by i…