- Summary:
- How will Meta’s AI and VR investments impact its Q3 2024 earnings? Find out if these innovations are driving growth.
Meta Platforms (NASDAQ: META) is getting ready to release its Q3 earnings, and the big question on everyone’s mind is: Are their heavy investments in cutting-edge tech in AI and virtual reality really paying off?
Meta Price Analysis. Looking At Support And Resistance
- Current Price: Meta is trading around $576.93 as of today, with a slight uptick of 0.02%.
- Support Level: The immediate support level sits at $574.26. A dip below this level could see the stock moving toward lower support at $542.96.
- Resistance Level: The key resistance level is $602.71. If Meta breaks above this, we could see a bullish push in the stock.
- Recent Price Action: The stock recently hit a high of $584.97 but pulled back, showing some hesitation around the resistance zone.
- Uptrend Momentum: Meta has been in an upward trend since July 2024, and holding above $574.26 is critical to maintaining this momentum.
- Potential Pullback: If the stock breaks below $574.26, watch for further downside toward the $542.96 level, which could attract buyers looking for a discount.
- Earnings Impact: The upcoming Q3 earnings report could push the stock in either direction, depending on how well Meta’s AI and VR investments are received.
What to Expect from Metas Q3 Earnings Factoring AI and VR
Meta still rides on the success of Facebook, Instagram, WhatsApp, and Messenger, and it’s time to see if their AI and VR projects can actually pull some weight. Analysts are predicting growth, but they’re also side-eyeing the massive spending Meta’s been doing to stay ahead. It’s awesome watching Meta shift from social media king to tech innovator, but let’s be real—can AI and VR start paying the bills sooner rather than later?
Conclusion: What’s Next for Meta?
Meta’s stock is standing at a crossroads. With support at $574.26 holding things together, we’re all wondering if it has what it takes to push past $602.71 or if it’s going to hit the brakes. The upcoming Q3 earnings could be the make-or-break moment—either we see Meta soar, or it’ll take a breather. No matter what, keep your eyes peeled because this stock isn’t done making headlines just yet!