Meta's technical breakout above previous highs supports buying dips, with a retest at 640 acting as a launch signal.
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The week began at 660, and the stock rose slightly to 665. Now, Mark Zuckerberg has become the mature figure in the tech room, joining Jensen Huang in opposing the slowdown in artificial intelligence.
Mark Zuckerberg is simply saying that you are acting like children. You should be able to monitor the pace of your products at the company level. You shouldn't need the government.
You shouldn't need the nation or the world. This is your job. You should want to offer logical products. You must offer safe products. You must offer products that do not lead to you being sued or endanger people's lives.
It may seem ironic coming from Mark Zuckerberg, but he has nevertheless transformed from being that rebellious techie into the most rational hand within the industry.
All of this comes at a time when the company’s AI strategy is becoming clearer, and its AI agent “Muse” is topping the Apple App Store.
I have downloaded the "Muse" app. I think it's great. I think it's useful. It is something I am likely to use - perhaps not necessarily daily, but probably weekly.
I still think the controversial issue with artificial intelligence is whether it will become an application consumed by 99% of people.
What I'm not convinced about artificial intelligence is that it will become that kind of technology. I think artificial intelligence and things like "Muse" are really useful for business owners, and very useful for social media influencers, or in short, for highly ambitious people.
For the average person who uses email once or twice a day, and wants to use social media as a source of entertainment, I don't necessarily think these AI agents will be particularly useful.
Now, I think it's topping the app store, which makes perfect sense, it's something people are trying out, but what we've seen with AI agents is that they aren't particularly appealing or useful after the initial excitement fades.
Now, can Meta overcome that? If Meta overcomes that and makes Muse something everyone uses on a daily basis, just like social media, well, it will become the most valuable company in the world without a doubt.
"Muse" is a great product and "Meta" can make money from it, perhaps more than it did with its other platforms such as "WhatsApp". But I am not yet convinced that the average person, say 95% of society, will log in and use Muse on a daily basis.
I think they only log in when they are asked to do so. I think they are getting into it because it is something new and useful, but would they change most of their lives for it?
Do they have enough enjoyable and useful things in their lives to rely on? I am still not convinced of that.
Now, they are launching other things on the platform, including MetaOne subscription services across all its apps. These new services were the subject of much speculation a few months ago, with plans starting at $2.99 per month and going up to $7.99, and reaching $14.99 per month for the full package.
These services allow for additional features across all platforms. Certainly, if you are an influencer or content creator who publishes via Facebook, WhatsApp, and Meta, these services will be very popular.
But even on an individual level, I imagine that $3 or $4 a month with Meta is something that many people are likely to subscribe to. My prediction is that as we move forward with Meta, and perhaps across the entire internet and social media, access to more content will be restricted.
We may not necessarily need to have this broader discussion right now, but the next battle regarding artificial intelligence concerns access to data and user posts. I think these platforms will restrict that even more in the future.
Now, Meta plans to make wider use of its artificial intelligence chips. They already have some chips in development with the great company Broadcom, but this is likely to become a topic of much discussion as we move into next year.
While moving away from these massive training operations, they will certainly still be at the forefront, but look, if they stop doing that, it will definitely affect this business.
But clearly, with technologies like Muse and the various types of agents they are integrating into their platforms, internal chips—which cost less and can be finely tuned for the inference tasks that Meta needs—will become critically important.
We have seen judgments against Meta, Google, Microsoft and all these companies over the years, and billions of dollars in lawsuits that they have all lost.
All I know is that this opens the door wide for rational, business-minded companies like Meta, Google, Microsoft, Nvidia, SpaceX, or any number of such companies that could come in here.
This is not the case with Amazon. This is not the case with Meta. This is not the case with Google. This is not the case with Apple. This is not the case with Meta.
Meta made a remarkable move away from its lowest levels. What I like technically about Meta is the ability to close above previous highs. This is something that hasn't happened in a long time, practically all year with the company, and even since last year .
So, this is a very good artistic move. So, what does that mean? This means you can buy Meta's stock dips. Retest and then retest. In fact, a retest at the 640 level is a launch signal in my opinion.
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