Meta Platforms (Facebook)

META

Market cap $1.67T

The social-media giant has flooded the market with its AI-enabled, camera-equipped smartglasses, much to the chagrin of privacy advocates.

The Roundhill Magnificent 7 ETF has been mostly rangebound since last fall apart from what was ultimately a short-lived breakout to new highs earlier this spring. As of Friday's close, the ETF was up over 10% off that low, meaning it is no longer in a correction, technically speaking.

On July 13, Meta said it would put more than $50 billion into a single Louisiana data center, more than doubling its planned capacity to 5 gigawatts. Twelve days earlier, Bloomberg reported that the same company was developing plans to sell its "excess" AI computing capacity to outsiders.

In the most recent trading session, Meta Platforms (META) closed at $656.73, indicating a -1.86% shift from the previous trading day.

Big tech hyperscalers like Amazon, Alphabet, Microsoft, and Meta are positioned for significant free cash flow growth as CapEx investments begin to yield returns post-2028. Semiconductor and memory stocks have led the market, but expectations are now high, making risk-to-reward more attractive in hyperscalers and select software names.

Meta Platforms, Inc.  (NASDAQ:META) shares traded lower on Monday; they are overbought and are near a resistance level.

A deluge of hyperscaler debt creates risk that investors will run up against concentration limits in their portfolios from a single company or industry.

As the cost of AI infrastructure continues to increase, Morgan Stanley says Big Tech capital expenditures are on track to hit new records.

As investors debate whether custom AI chips will eventually chip away at Nvidia Corp.'s (NASDAQ:NVDA) dominance, Gabelli Funds portfolio manager John Belton says the latest releases from Meta Platforms Inc. (NASDAQ:META) and Space Exploration Technologies Corp‘s (NASDAQ:SPCX) xAI suggest the chipmaker's competitive moat remains firmly intact.

I keep buying Meta, and the reason is embarrassingly simple: it is the only trillion-dollar AI story I can find where the buyer of the compute and the seller of the ads are the same company.