$Meta Platforms, Inc.(META)$ Meta has fully recovered from its 2022 losses, which occurred when investors panicked and sold off shares due to concerns over Zuckerberg's heavy spending on the Metaverse.
The swift V-shaped recovery has transformed Meta into a momentum stock. From a technical perspective, it has the potential to double in value compared to its previous losses.
So, what are the fundamental reasons behind a potential 10x increase? While investors were panic selling over PS2-style graphics, they overlooked what was powering Meta's vision. Meta boasts a substantial arsenal of over 600,000 H100 AI chips, far surpassing any other company in the tech industry.
If you're betting on the second generation of AI, it is then crucial to consider who has the most resources. Investors are beginning to recognize that Zuckerberg is a visionary CEO are getting behind him.
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