Meta Platforms Inc META is rewording the record books. The stock notched its 16th straight winning session on Monday, the longest streak amongst the Stunning 7
At $717.40, it’s knocking on the door of its all-time high of $725.01– and Wall Street can’t appear to get enough.
Resistant to AI Jitters, Growing on AI Development
Even as AI-driven sell-offs rattled the tech sector– like when Chinese start-up DeepSeek blindsided Nvidia Corp NVDA— Meta held its ground.
Unlike chipmakers, who live and pass away by AI hardware need, Meta has AI-powered Benefit+ shopping advertisements, which grew 70% last quarter and struck a $20 billion yearly run rate.
Check Out Likewise: OpenAI’s ChatGPT Surpasses Elon Musk’s X To Rank Sixth Most-Visited Site Internationally– Sam Altman States, ‘Still A Long Method To Go To Run Down Google’
Zuckerberg’s Efficiency Purge
Regardless of the stock’s unrelenting climb, not all is smooth cruising inside Menlo Park. Meta is axing 3,000 workers today in a performance-driven purge. CEO Mark Zuckerberg has actually alerted that 2024 and 2025 will be “difficult years” as the business doubles down on AI and metaverse bets.
Zuckerberg elaborated on comic Joe Rogan‘s podcast, stating he prepared to change mid-level engineers at his business with AI systems.
Wall Street does not appear to care. Unlike previous layoffs that scared markets, financiers see this as a leaner, meaner Meta primed for performance and development.
Meta Stock Chart Screams ‘Bullish’
With Meta trading above its 8, 20, 50 and 200-day easy moving averages, the pattern is unquestionably bullish. Even the MACD (moving typical convergence/divergence) sign at 28.12 and RSI (relative strength index) at 80.22 recommend strong momentum– though an RSI that high might indicate it’s getting overheated.
What’s Next?
With Nvidia’s profits still on deck, the AI trade might see fresh volatility.
However for now, Meta stays the only Mag 7 stock that rallied after profits, and bulls aren’t blinking. The concern is: can this streak keep running, or is a breather past due?
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Introduction Score:
Speculative
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