CNBC's "Fast Money" Meta’s Big Earnings Report… Plus Tesla Charges Higher After Results 4/24/24
Apr 24, 2024
Elon Musk shares updates on Tesla's new models and robotaxi plans. Meta's stock drops after-hours due to disappointing guidance. Discussion on Meta's recent climb, Tesla's post-earnings performance, and the impact of AI investments on revenue. Investors analyze Zuckerberg's remarks on AI investments and market uncertainties.
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Meta's Mixed Q1 Results
- Meta’s Q1 earnings topped expectations, but Q2 guidance disappointed investors.
- Increased AI investments and legal expenses are contributing to higher costs.
Meta's Valuation Concerns
- Meta's stock price reflects investors' belief that current performance may be peak.
- Valuation concerns arise with mega-cap tech stocks in the current rate environment.
Reacting to Meta's Drop
- Wait for the earnings call to get nuanced information beyond the press release.
- Consider the three-day rule after a big stock move before making decisions.