Tech stocks today: Meta stock jumps after company agrees to settle social media case

Tech stocks today: Meta stock jumps after company agrees to settle social media case

Daniel Howley · Technology Editor

Updated Wed, August 26, 2026 at 4:18 PM GMT+3 1 min read

• META -0.89%
• NVDA -0.42%

Meta (META) agreed to settle a social media addiction case with a group of state attorneys general on Wednesday, putting an end to the trial in its second week and sending Meta's stock higher.

The case revolved around allegations from 29 states that Instagram and Facebook developed products to hook young users on the platforms and harvested the data of children under 13 to their benefit.

According to court filings, Meta denied wrongdoing and agreed to pay up to $16.68 billion.

(META )

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Meta isn't the only tech giant making headlines. Another key moment for Wall Street is due to arrive after the bell on Wednesday: Nvidia's (NVDA) second quarter earnings.

While its Big Tech peers reported their results nearly a month ago, Nvidia is finally giving us the lowdown on its latest quarter when it reports Q2 earnings after the close on Wednesday.

For the quarter, Nvidia is expected to report second quarter adjusted earnings per share (EPS) of $2.09 on revenue of $92 billion, according to Bloomberg analyst consensus estimates. That would mark a 96% year-over-year jump in overall revenue, and a continued quarter-over-quarter acceleration.