Alphabet's Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Should l Buy META?
Source: Benzinga
Alphabet's Strong Earnings: Alphabet Inc. reported impressive third-quarter earnings with an EPS of $2.12 and revenue of $88.27 billion, surpassing Wall Street expectations and contributing to a record market cap of $16.8 trillion for the "Magnificent Seven" tech giants.
Market Reactions and Mixed Performances: Following Alphabet's earnings report, its stock surged over 6%, adding more than $150 billion to its market cap, while other companies in the Magnificent Seven experienced mixed performances, with Tesla showing notable gains.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 614.230
Low
655.15
Averages
824.71
High
1117
Current: 614.230
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Price Prediction: Currently priced at about $620, Meta's stock could exceed $1,000 by the end of 2026, a bold forecast that hinges on the company achieving a new all-time high, reflecting potential market confidence in its AI investments.
- Revenue Growth: Meta's social media platforms, including Facebook and Instagram, have achieved a 33% year-over-year revenue increase through improved ad placements, showcasing strong performance among big tech companies while trading at a discount to peers, indicating a significant investment opportunity.
- Cash Flow Valuation: Meta's stock appears relatively cheap based on its price-to-cash flow (CFO) ratio, and if it rises to 19 times operating cash flow, it could see a 48% increase to $920, further pushing it towards a new all-time high.
- Market Confidence: If Meta can launch an innovative personal AI tool or a game-changing product from its Reality Labs division, it could restore market confidence and drive stock prices higher, making it a compelling buy even if it doesn't achieve this by 2026.
See More
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See More
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- Revenue Growth Expectation: Nvidia is forecasting first-quarter revenue for FY 2027 to reach $78 billion, representing a substantial 76.8% year-over-year increase, indicating sustained strong demand in the AI and data center markets driving its performance.
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- Surge in Capital Expenditures: Major cloud service providers like Amazon and Google are planning to increase capital expenditures to $725 billion in 2026, nearly double the rate from 2025, which will further drive demand for Nvidia chips and support its future revenue targets.
- New Partnership: Nvidia has partnered with Iren to invest up to $2.1 billion to support 5 gigawatts of computing power, which not only strengthens its market position but also lays a foundation for future growth.
See More
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- Investor Activities: The video analyzes the activities of 10 super investors in Q1 2026, detailing the stocks they bought and sold, providing deep insights into market trends.
- Stock Trading Date: The stock prices referenced were from the trading day of May 15, 2026, ensuring the timeliness and accuracy of the information, which helps viewers understand the context of the investors' decisions.
- Video Release Information: Released on May 18, 2026, the video aims to provide viewers with the latest investment dynamics and market analysis, encouraging subscriptions for more information.
- Special Offer Link: The video includes a special offer link designed to engage viewers and provide additional investment-related resources and information, thereby enhancing viewer engagement and loyalty.
See More
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- Market Uncertainty: Investors are facing numerous challenges in the current economic environment, making it crucial to focus on potential stocks, especially during times of heightened uncertainty.
- Video Overview: The video highlights four distinct companies, each appealing to different risk appetites, providing a diversified investment choice to navigate market fluctuations.
- Investment Advice: Viewers are encouraged to consider subscribing to the channel after watching the video to receive more market analysis and investment advice, aiding them in making more informed investment decisions.
- Special Offer Link: The video also features a special offer link, encouraging viewers to click for more information, thereby enhancing audience engagement and investment confidence.
See More
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- Layoff Announcement: Meta has announced a layoff of approximately 8,000 employees, representing 10% of its workforce, aimed at enhancing operational efficiency and addressing ongoing market challenges, reflecting a reassessment of human resources after extensive hiring.
- Increased Capital Expenditure: Concurrently with the layoffs, Meta raised its 2026 capital expenditure guidance to $145 billion, an increase of $10 billion, demonstrating the company's commitment to investing in artificial intelligence despite the pressures of workforce reductions.
- Employee Morale Decline: Internal surveys indicate a 25% drop in overall employee satisfaction at Meta, with a 39% decline in culture ratings, suggesting heightened anxiety about the future within the company, which could impact retention and recruitment of new talent.
- Controversial Data Monitoring Tool: Meta has introduced an employee tracking tool designed to collect data on work behaviors, which has faced strong backlash from employees who view it as an invasion of privacy, potentially leading to a trust crisis and exacerbating internal dissatisfaction.
See More
