michael eraklis kashioulis @MikesTrades: "A big move from one..."

United Kingdom

A big move from one of our key tech holdings today, $META (Meta Platforms Inc) is up +12% at the time of writing, and it’s continuing to play a strong role in driving portfolio performance this year. As one of our larger tech positions, it’s great to see continued momentum, backed by strong business fundamentals. Meta’s latest results released yesterday beat expectations comfortably, with revenue up 22% YoY, reaching $47.5bn. One stand out beyond AI was the acceleration in ad growth, with impressions up 11% and the average price per ad rising 9%, showing strong demand across their platforms. Looking ahead, the company now expects $49bn in revenue for the current quarter, well ahead of the $46.2bn analysts had forecast before, a good sign of confidence! On the AI front, Meta isn’t shying away from heavy investment. Meta made it clear they’re aiming to lead here, and that means higher costs are likely in the near term. But with the long game in mind, I’m comfortable with the move. This isn’t about quick wins, it’s about building the infrastructure and capability to compete at the highest level. Meta continues to execute well, and I remain confident in its role as a growth engine within the portfolio. For now… $NSDQ100 $QQQ (Invesco QQQ) $SPX500

Not investment advice. The author may have financial interests in the mentioned instruments.