TradingKey – Meta Platforms (NASDAQ: META) is set to deliver one of the most anticipated earnings statements of the year as investors decide if accelerating AI investment can outweigh concerns about slowing profit growth. Shares are down about 8% over the past five trading days, lagging behind the Nasdaq, with capital expenditure concerns mounting following Alphabet’s earnings.

On July 29, analysts expect Meta to report revenue of about $60.2 billion and EPS of between $7.18 and $7.23. However, any surprises regarding capital expenditure are likely to come not from the financials themselves, but from management commentary on its AI strategy, including the possible development of a cloud computing business, and updates on reported…