Bonta
2024-08-01
$Meta Platforms, Inc.(META)$ 

Meta earnings aftermath is the reason why I purposely avoid trading around earnings season.

Earnings is very difficult to predict, and big swings can happen. I would rather enter new positions post earnings.

Regarding meta, it's current core business is still doing well, but its heavy expenditure in AI is concerning. I do agree with the benefits of AI, however, market appears to place too much focus on AI. Hence, I am avoiding the AI related stocks. Volatility is expected to still remain high for AI related stocks 

Meta Quest 3S Launch: Sell the News or Catch the Rally?
At its Connect conference, Meta unveiled the latest generation of its VR headset. Quest 3S will be available on October 15, with a starting price of $299, lower than the $499 starting price of the Quest 3 in 2023. A Meta representative explained that the "S" in Quest 3S stands for "Start," signifying that this device aims to make VR more accessible to the general consumer. ---------------- With Meta hitting all-time-high in yesterday's trading, would you sell the news or catch the rally of Meta?
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Comments

  • SPACE ROCKET
    2024-08-01
    SPACE ROCKET
    Agree! Articles still can say investors are okay with the huge AI spending. I'm like are you sure?!?! Market is just plain mad. Too much FOMO. People jumping into everything and selling everything for no reason.
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