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Meta (META.US) 2024 Q3 earnings conference: The average ad unit price increased by 11% year-on-year and will continue to expand the scale of users clicking on ads.
On October 31st, Meta (META.US) held the 24Q3 earnings conference.
Express News | Bank of America: Raised Meta's target price to $660, increasingly strong focus on AI may bring surprises.
ETF tracking | Volatility double long ETF rose by 16%; Leveraged long ETF for super micro computer plummeted over 70% in two days
On Thursday, October 31, the three major stock indexes in the United States all fell. The s&p 500 index closed down 108.22 points, a decrease of 1.86%, to 5705.45 points. The October cumulative decline was 0.99, ending the continuous rise since May. The dow jones industrial average fell 378.08 points, a decrease of 0.90%, to 41763.46 points. The October cumulative decline was 1.34%, ending the uptrend since May. The nasdaq composite index, mainly composed of technology stocks, also closed lower.
CNBC Daily Open: Big Tech Needs to Go Beyond Beating Earnings Expectations
US technology stocks' 'weird phenomenon': Beating expectations is no longer enough, investors want more.
①For investors, the better-than-expected performance of large technology companies in the US is no longer enough to satisfy them; ②This week, technology companies have successively released quarterly financial reports, with revenue and profits mostly exceeding expectations, yet the market response has been brutal; ③Some believe that the dismal stock price is due to the market's overly high expectations, while others attribute it to a technical profit-taking pullback.
S&P 500 Records Worst Session In Over A Month, Meta And Microsoft Tumble: Greed Index Moves To 'Fear' Zone
Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip
Decoding Meta Platforms Inc (META): A Strategic SWOT Insight
UBS Group raises Meta's target price to $719, investment driving product expansion finally achieves monetization.
UBS Group released research reports stating that Meta (META.US) is expected to significantly increase its capital expenditure by 2025, predicting that investments can drive product expansion, ultimately achieving monetization, bringing about realized returns. With accelerating income growth and technological advancements, the bank believes that the company's long-term growth potential remains strong. Accordingly, the earnings forecast for 2025 and 2026 is raised by 5% each to reflect an expected annual revenue growth of 4% and 7% during the period, helping to offset the increase in costs. The bank expects that the introduction of new products will add potential to Meta's advertising revenue growth in 2026 and beyond, including the incremental revenue released by generative AI.
Stock Market Today: Microsoft, Meta Drag Tech Stocks Lower on Concerns Over AI Spending
Citigroup raises Meta (META.US) target price to $705 as improved AI participation drives usage growth.
Citi's report stated that Meta (META.US) third-quarter advertising revenue increased by 20% annually at a fixed exchange rate, with a 7% increase in ad impressions and an 11% price increase, indicating the company's continued market share gains in the overall advertising budget. During the quarter, Meta AI's recommendation engine increased user engagement on Instagram and Facebook, driving usage growth, reflecting the company's ROI on AI, and the bank believes the sector is still in its early stages. On monetization capabilities, the bank noted that over 1 million Meta advertising customers use its generative AI tools.
Are the financial reports of the technology giants in the US stock market insufficient in the beginning of the season, is the "AI hot" expectation overhyped or just a technical profit-taking pullback?
Large technology companies need to meet investors' expectations for both the past and the future more than any other industry.
Morgan Stanley raised Meta (META.US) target price to $660, reiterating a "shareholding" rating.
JPMorgan Chase released a research report stating that Meta (META.US)'s strong fourth-quarter revenue outlook is offset by expectations of significant growth in capital expenditures and infrastructure-related expenses next year, leading to a decline in stock price after announcing third-quarter performance. Meta is still in the process of budget planning for next year and will not calculate capital expenditures and overall expenses until the fourth quarter profit is realized, but management has apparently laid the foundation for significant investments in artificial intelligence and infrastructure for the next year. The bank expects the group's capital expenditures next year to be $58 billion, a 45% increase year-on-year, with total expenditures under general accounting principles at $114 billion annually.
Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock
Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy
CNBC Daily Open: For Big Tech, Beating Earnings Expectations Is Not Enough
Mag 7 all fell, Nasdaq plummeted! Did the giants' financial reports collapse?
The financial reports of the giants are not bad, both revenue and profit are very outstanding, but considering the current stock price and valuation levels, the performance guidance they provide is not good enough.
Analysts Reset Meta Stock Price Target After Earnings
amazon plans to invest $75 billion in capital expenditures this year, vigorously developing generative AI.
Amazon announced its third-quarter performance on Thursday. During a conference call with analysts, the company's CEO, Andy Jassy, attempted to dispel investors' doubts about whether the company's significant investments in generative ai would pay off in the future. Jassy pointed out that Amazon's cloud computing business AWS has been successful, despite the extremely high costs of building datacenters, making it a crucial profit engine. 'I believe that over time, we have demonstrated that we can drive enough operating profit and free cash flow to make this investment business very successful,' Jassy said.
iPhone revenue recovery difficult to "take off"! Apple's (AAPL.US) revenue growth in China this quarter may slow down.
Apple has released its fourth quarter performance.