The parent company of Facebook and Instagram continues to exceed expectations for ad sales. Analysts are less sure about its big swings.

Meta Platforms narrowed its annual capital expenditures forecast on Wednesday, driven by the social media giant’s high-stakes push for “superintelligence” in the heated AI race, sending its shares up nearly 9% in extended trading.

The settlement abruptly halted a high-profile trial in Delaware Chancery Court just as Zuckerberg and others were scheduled to testify.