I'm a broken record, but $480 will be seen before new highs
Downtrend has not been broken. $525 support has held twice but the rally looks week. The cap ex numbers are outrageous. Meta is spending all their free cash flow on AI build out, this is not a one time spend, this technology becomes obsolete as soon as it hits market requiring more build out 18-24 months from now. This process will never end. Read their earnings report, this doesn't bode will for investors. META will need to continue to raise money whether in the bond market, dilution of selling new shares or bank loans. From a cash cow to a debt cow overnight to keep up with the AI Joneses
