"Meta Platforms ( META) stock soared to new highs after the company posted second-quarter results that "blew the doors off" in late July. But it has been an uneven few months for shares of the Facebook and Instagram parent company since then. Meta stock is down a fraction so far in October, after falling about 5% from August through September."
"Meta shares have been hit by the ongoing debate about the sustainability of the AI boom, as Chief Executive Mark Zuckerberg commits to spending hundreds of billions on the technology. The tech giant also faces a fast-rising new social media competitor in OpenAI's Sora video app. But Wall Street analysts say the recent pressure on Meta stock creates an opportunity as the tech giant prepares to publish third-quarter earnings next week."
Meta Platforms posted strong second-quarter results that drove the stock to new highs. Shares then experienced uneven performance, slipping about 5% from August through September and remaining slightly down in October. Concerns center on the sustainability of the AI boom as CEO Mark Zuckerberg commits to spending hundreds of billions on AI. OpenAI's Sora video app represents a rising social competitor to Meta's platforms. Some Wall Street analysts view the recent stock pressure as an opportunity ahead of third-quarter earnings. Analysts expect better-than-expected ad results, stronger engagement, improved ad targeting, and optimistic 2026 AI roadmaps to support the stock.
Read at Investor's Business Daily
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