META

Another stock looking to rise, folks, and try to reach its all- time highs is Meta. Look at this rise in Meta stock after a strong breakout, then a correction, then a bounce. This is a tremendous height, similar to a SpaceX rocket launch from Florida.

We see a huge leap on the graph. Note that I will switch to the weekly timeframe so that you can see this parallel channel more clearly. We have highlighted this channel and captured most of the price movement since December 2023.

The price deviated from the bottom, but it resisted and came back strongly to rise. We are now very close to its all- time high, having reached a high of 796.25.

Meta's Muse was really the story of the day. rallying tech, helping tech to push up higher.

The biggest, you know, the the most valuable resource out there, uh, maybe someday more than oil. I mean, I have called, you know, compute, power, and and AI the new, you know, the new oil basically.

But there is just this insatiable demand. No one can buy enough hardware to support the load. Um, you know, we're going to talk about Meta here in a minute. Um, I love their Muse AI, especially for people that are new to agents, but they're all I mean, here's Facebook.

I mean, Facebook probably has more data centers than anybody, and they're all a week in they're struggling with capacity issues. People are getting timeouts. I mean, so many people want to use this technology, and not even the biggest of the big, Facebook, has enough compute to feed that.

Now, that being said, still love Meta. We'll come back to that. But I mean, you look at that chart. I mean, it's just beautiful the reaction to the news.

We will also talk about Meta's new AI agent " Muse" that has become widely popular,

Meanwhile, Meta's stock itself rose 30% in September alone, and is on track for its best month since July 2013. Those of you listening now, remember that we talked about the lawsuit against Meta.

I believe that was in early August, when Meta was trading.

Muse, the Muse app from Meta, may be the first consumer catalyst for what I believe is a truly enjoyable deduction cycle.

She is in a very positive position because of the viral spread that is occurring with "Muse". She is living through a moment that is very similar to the moment when "ChatGPT " emerged.

Meta's stock price saw a remarkable increase of 35% last month, thanks to the outstanding success of Muse, the AI-powered smart assistant app , which topped the list of most downloaded apps in the app store.

But does this fundamentally change the nature of the company's work? Is this stock a good investment opportunity today? I believe that about 98% of its revenue, or thereabouts, comes from digital advertising.

And you know, I was looking at Meta and thinking about September. Risks happen quickly, and the story can change really suddenly . This stock, after its recent earnings, seemed to be returning to square one, but it apparently did so quickly because it is now at its highest levels.