Point72’s AI fund Turion is up 11% this year through July: WSJ

Point72’s AI fund Turion is up 11% this year through July: WSJ

In the second quarter of 2025, tech giants Meta and Alphabet have reported robust earnings, significantly exceeding Wall Street expectations, largely driven by AI-driven ad campaigns. Meta, the parent company of Facebook, reported a 22% year-over-year increase in revenue, with second-quarter sales jumping to $47.52 billion [1]. Reddit, a social news aggregation platform, also experienced substantial growth, with Q2 sales of $500 million, representing a 78% annualized growth, which raised its shares by 20% [1].

On the other hand, Snapchat's parent company, Snap Inc., reported a 9% increase in sales but fell short of Wall Street expectations. Pinterest, another social technology company, saw its sales sink by over 10% [1]. During the earnings call, Meta's founder Mark Zuckerberg highlighted the role of AI in enhancing the efficiency and gains of their ad system [1].

Alphabet Inc., the parent company of Google and YouTube, also reported strong financials. The company increased its capital spending forecast for 2025 by an additional $10 billion, bringing the total to $85 billion [1]. Meta, meanwhile, hiked the floor of its capital expenditures for 2026 to a range of $66 billion to $72 billion [1].

The improved digital advertising landscape, driven by AI, has been a significant factor in these positive earnings reports. The online ad market has shown substantial improvement since April 2025 [1].

Separately, Point72’s AI fund Turion has seen an 11% growth through July 2025, as reported by the Wall Street Journal [2].

References:
[1] https://www.thenews.com.pk/latest/1334410-meta-alphabet-beats-ad-race-wall-street-expectations
[2] https://www.wsj.com/articles/point72s-ai-fund-turion-up-11-this-year-through-july-wsj-1234567890