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$Meta Platforms(META.US)
Meta cutting down the metaverse is literally one of the best things they could do. No one uses those products and losing $15B a year on it makes no sense.Rotating the money into capex is very bullish for the chip sector $NVIDIA(NVDA.US) $AMD(AMD.US) but also might give investors more confidence that Zucks has a plan to monetize AI with more than just ads if he begins becoming more efficient on the allocation of capital leaving Reality Labs.$Meta Platforms(META.US) +4%Right now it’s just a 30% cut and that could see $2 of EPS growth alone in just 2026.Source: amit
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