Everyone Just Missed a Major Announcement From Meta Platforms
Meta Platforms just confirmed a cloud computing business launch.
Overview
Meta Platforms (NASDAQ: META) just reported second-quarter results, and the market is quite disappointed. The stock tumbled the day after earnings, mainly due to weak bottom-line earnings and a smaller-than-expected revenue forecast for Q3. While those factors are important, most investors completely missed a huge announcement from Meta Platforms: an upcoming cloud computing business.
This launch has long been rumored, and it could be the very thing Meta's stock needs to pull it out of a major sell-off. Despite the disappointing quarter, I remain a Meta bull, as its AI offerings haven't even had a chance to take off quite yet.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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