TL;DR: meta is up today because they released a frontier model that invalidates the bear thesis that meta spent more on AI build out than was necessary to support their advertising business. In other news Muse continues to be popular. The overall theme is Meta PE is changing from advertising cyclical to an essential compute platform, hence the recent multiple expansion wall street has given it.
I don't think you need to buy risky semiconductor chip stocks, no need to make risky bets on power plays. No need to buy Microsoft that has software that people don't even like. No need to buy vaporware chat bot companies with mega valuations that don't actually make money. No need to own SpaceX at a ridiculous valuation. No need to buy Google like every other lemming. Everybody on every thread on this entire app says buy Google. Yes of course Google is amazing. But you know what, Buffett already owns it. What more do you need to know? Yeah you'll do fine owning Google, but I propose a better option for someone that wants a blue chip tech stock.
Its recent multiple expansion means Wall Street is giving them the benefit of the doubt, that they believe they have a chance to succeed in becoming the hardware layer, software layer, and distribution layer of the next computing platform. Distribution layer. Meta smart glasses powered by Muse.
If they win with Muse, they will no longer be beholden to the app store because Muse will be embedded in smart glasses and I truly believe hands free devices are the future and are way better than craning your neck to stare into a little black box. There are many use cases for hands-free computers that are voice activated and AI intelligent, for example, there are many kinds of workers that cannot hold a cell phone but could wear smart glasses. For example, a construction worker can have smart glasses. Help him get stuff done. Hands-free. I'll leave it to your imagination to think of the other industries that will love this and some already do.