How Parkev Tatevosian, CFA’s view on $META changed

We got some great news for Meta stock investors as the company announced a new AI product that sent the share price up by more than 6% on the day of the announcement.

I'll review what that new product was, how Wall Street is reacting, how I changed my estimates for the company's fair value, and my updated ranking for Meta as a buy, hold, or sell.

They're expecting that the companies that are building these data centers, Amazon, Microsoft, Alphabet, Meta Platforms, Oracle, that they'll build a bunch of these data centers like they're doing right now.

But once once they're finished with this initial buildout that they'll stop that they won't build more that then the only demand for Nvidia's products will be replacing those units that were put into these data centers over these several years.