Direxion Daily META Bull 2X ETF

METU

Market cap $352M

Four of the Magnificent Seven reported earnings yesterday—Meta, Microsoft, Amazon, and Alphabet—beating most Wall Street expectations. As seasoned traders know, however, the prevailing market reaction can define whether a stock moves higher or lower.

Among the most highly traded stocks, Meta Platforms is one of those names that appeal to traders. As the AI-driven market narrative in 2026 continues to play out, Direxion's leveraged single-stock ETFs — the Direxion Daily META Bull 2X Shares (METU) and Direxion Daily META Bear 1X Shares (METD)— are essential tools to have.

Social media and tech juggernaut Meta Platforms is embracing the brave new world in automation.

Meta, Microsoft, and Tesla reported earnings after the bell, with investors looking for indicators that the Magnificent Seven is still magnificent in the early going of 2026. The result—so far so good—but was it magnificent?

In recent months, shares of Facebook parent Meta (META) have been hammered as investors grew increasingly concerned about the company's artificial intelligence (AI) expenditures. Over the past month, the stock is down 8.63%.

Fundamentally, one of the central catalysts of social media and tech juggernaut Meta Platforms Inc. (NASDAQ: META) is its operating capacity as an attention refinery. In effect, raw human time enters Meta's vast ecosystem while monetizable intent comes out.

Without question, social media juggernaut Meta Platforms Inc. (NASDAQ:META) has been one of the top beneficiaries of the artificial intelligence surge. Thanks to its vast network, Meta commands a data-rich environment that's the envy of the broader technology sphere.

Up more than 28% YTD, near-term gains for shares of Facebook parent Meta (META) could be limited, according to conventional wisdom. The company's market capitalization of $1.89 trillion, which makes it the sixth-largest member of the S&P 500, may add to that argument.

Nvidia has been sitting pretty atop the list of largest companies. After its fiscal year 2026 Q2 earnings, it sent a message that it plans to remain there.

Microsoft (MSFT) and Meta (META) were two of the biggest names reporting earnings on Wednesday. With the expectation that AI would be a prime revenue generator for both, it was estimated they would beat earnings estimates, and they did just that.