META Q1 Earnings “shock” makes it ultimate YOLO Play??
$Meta Platforms(META.US$ As I understand, institutions bitchslapped meta for following reasons:
1. Capital Expenditures - Meta is ramping up its investment in AI, raising its 2024 spending forecast to $35 billion to $40 billion, up from $30 billion to $37 billion. They're betting big on future tech.
2. Revenue Forecast - For Q2, Meta expects revenue between $36.5 billion and $39 billion. The midpoint, $37.75 billion, represents an 18% year-over-year increase, though it's slightly below the average analyst estimate of $38.3 billion.
1. Capital Expenditures - Meta is ramping up its investment in AI, raising its 2024 spending forecast to $35 billion to $40 billion, up from $30 billion to $37 billion. They're betting big on future tech.
2. Revenue Forecast - For Q2, Meta expects revenue between $36.5 billion and $39 billion. The midpoint, $37.75 billion, represents an 18% year-over-year increase, though it's slightly below the average analyst estimate of $38.3 billion.
But here’s the thing: with the stock price taking a hit, this could be the perfect YOLO opportunity for those who believe in Meta's long-term growth fueled by AI. They are doing what open ai should be doing by making such powerful models and making them open sourced. Sure they had to spend cash to do that but institutions are panicking
Plus they are cash cow and it’s election season so it’s a good buy even if you don’t believe in the potential of llama
Plus they are cash cow and it’s election season so it’s a good buy even if you don’t believe in the potential of llama
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
MonkeyGee : if everyone is thinking about the same thing, what do you think the AI is going to do?
Jamesjinlin : Artificial intelligence sucks.