As much as I want to be optimistic and supportive of a stock whose services I frequently use, I'd like to remind yall about how
$Meta Platforms, Inc.(META)$ plunged from above $520 to as low as $410 post market after previous quarter's earnings release. Quite a number of companies report lacklustre earnings / poorer guidance/ more expenditure during the summer season, and META happens to be one of them. Even if META were to do borderline well, market madness can drive unnecessary sell-offs and I'm not sure if I want to load up on META prior to its earnings. Heck, these days, sell-offs happen even if you're not the one reporting bad results but your industrial peers!
Come AMZN, APPL, SMCI, NVDA earnings report, META and other tech heavyweights may see some declines once more.
Modified in.08-01
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Comments
Betting the ranch on metaverse and ai. Metaverse has pretty much failed and ai is years off by Zuckerberg own words. Why this stock is valued as it is is a miracle.
With way above ER expectations, Meta will raise its stock to $600+ in post Earning.
Just guess but I think its above $500 after today for a long long time.
Meta is the winner of AI race. Meta made its AI available as Open-source thus no further expenses in future.