CNBC's Julia Boorstin joins 'Power Lunch' to discuss Meta unveiling AI tools for business.
This bearish option trade wins if the stock moves down, sideways and even slightly up.
Dave Mazza points to Meta Platforms (META) as a stock that had a steady but strong climb over 2024, leading to a new all-time high. Part of that rise comes from the company's evolving focus on A.I.
Meta Platforms has experienced significant volatility but achieved new all-time highs above $600, prompting a downgrade from "buy" to "hold" due to increased downside risk. Despite strong financial performance, including EPS and revenue beats, and impressive net income growth, caution is advised given the stock's previously unpredictable price action. Meta's forward price-earnings multiple remains attractive compared to other MAG-7 stocks, but its price-sales valuation is less favorable, suggesting better investment opportunities elsewhere.
Meta Platforms (META) concluded the recent trading session at $584.88, signifying a -1.86% move from its prior day's close.
Meta Platforms' expanding AI prowess, which is helping it to add new features to Facebook and Messenger, is driving prospects.
Last week, Meta NASDAQ: META made headlines due to the unveiling of several new products. Following the announcement, shares of Meta rose to a new all-time high.
Meta Platforms is not just a social media company but a tech giant leading in AI and augmented reality, setting up for long-term dominance. Meta's open-source Llama AI models and AI assistant are driving significant user engagement and revenue growth, with click-through rates up 11% and conversions rising 7.6%. Meta's Reality Labs is pioneering AR hardware, like Orion glasses, which could redefine tech interaction and potentially rival smartphones in ubiquity.
In the past couple of years, this business has won back investors in a remarkable fashion.
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Uber Technologies and Meta Platforms
Meta Platforms Inc. (META, Financial) has recently achieved record highs in its stock price following the launch of its advanced AI video model, Movie Gen, which has been hailed as a revolutionary media foundation model. This follows the release of their highly sophisticated holographic AR glasses, Orion.
Meta just launched Movie Gen, an AI video generator to compete with OpenAI's Sora. Movie Gen can make videos with accompanying audio using a text prompt.