Meta Earnings Release and Increased Tech Stock Volatility
META Meta Platforms Inc
$709.33 -3.72%
View chart & analysis → - 1Nvidia recorded a market capitalization loss of over $350 billion this week alone.
- 2The Philadelphia Semiconductor Sector fell by more than 11% for the week, while the Nasdaq 100 fell 5.5% for the week.
- 3Meta is expected to exceed the projected third-quarter revenue of $63 billion and record an expected adjusted operating profit of $18.8 billion.
So what's the key point?
The value of tech stocks, including Nvidia, has decreased significantly. Meta is expected to earn more money than experts predicted.
Source Financial Times · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.