Meta Platforms (META) has achieved an impressive 19-day winning streak, marking the longest consecutive gain for any company in the Nasdaq 100 (^NDX) since 1990. Analyst Mandeep Singh from Bloomberg Intelligence joins Madison Mills on Catalysts to discuss Meta’s remarkable performance. “When examining internet usage, Meta dominates a significant portion,” Singh notes, emphasizing Facebook, Instagram, and WhatsApp, each boasting over 1 billion daily active users. “Meta has effectively integrated AI into their applications. People are discussing ROI [return on investment] for GenAI, and Meta stands out as a leading example of how they have successfully implemented tools for creating ads and targeting them using AI,” Singh adds. He also states, “The capital expenditures they’ve invested in are translating into increased ad pricing and enhanced engagement on their platform.” Recent reports indicate that Arm Holdings (ARM) is producing its own semiconductor chips and has secured Meta as its inaugural customer. As major players like Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) pivot towards developing proprietary chips, Singh expresses, “I’m not surprised Meta is taking steps to create their own chip,” particularly in light of trade restrictions affecting the chip industry and its dependence on Nvidia (NVDA). For more insights and analysis on the latest market trends, be sure to explore more Catalysts here. This article is authored by Naomi Buchanan.
