Premium"Please Don't Stop The Museic": Everything You Need To Know Ahead Of Meta's Earnings
Two months ago, Facebook Meta was the Magnificent 7's designated AI loser: lots of capex, nothing to show for it, and a stock that bottomed at $543.67 on August 18. Then on September 8 Zuckerberg launched Muse, followed in October by the Muse Wonder frontier model, and the stock ripped 43% in five weeks to a $777.59 high on September 24 (despite exploding churn that would make Cablevision blush).
Tonight, a week earlier than usual, Meta reports Q3 earnings, and the bar is about as high as it gets this earnings season. As JPMorgan's TMT trader Mark Schilsky puts it in his latest Tech Sketch earnings preview, "Please Don't Stop the Museic" (available to pro subs):