$Meta Platforms, Inc.(META)$ Something feels off this time around. Last earnings, everyone was bullish, calling for $700+, then the capex surprise hit and the stock dropped $70 just like that. Now, going into this earnings, the mood has completely flipped — people are talking about $500 to $550. It might actually play out that way, or Wall Street could have a little surprise of its own and push it back toward $650. Since 2022, META hasn't had two straight quarters of heavy post-earnings drops. What if capex stays flat and revenue keeps pouring in? What if leasing and AI revenue come through as positives? The retail crowd seems overly bearish here, and we know how that usually ends. Same pattern as NVDA — Q1 retail was super bullish, Q2 turned bearish. Could see flat price action or a rally. About time we found out anyway.
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