META：AI Capex Concerns Weigh, Support at $580–620 Range Tests Patience
$Meta Platforms, Inc.(META)$ closed at $602.01 (-1.22%), down $7.45 from previous session. Trading at 24.3% below 52-week high of $796.25, reflecting ongoing consolidation pressure.
Core Market Drivers: Wisconsin data center investment exceeding $1 billion demonstrates AI infrastructure commitment, but $25 billion bond issuance signals massive capital needs; Chief AI Scientist Yann LeCun's potential departure raises strategic concerns over large language model focus versus world model approach.
Technical Indicator Analysis: Volume at 16.51M shares with 0.84 volume ratio shows subdued interest; RSI near neutral territory but lacking momentum; MACD remains in consolidation mode with no clear directional bias, suggesting continued sideways movement in near term.
One-Week Trend Outlook: Expect continued range-bound trading between $580-$620 support/resistance corridor; breakthrough above $630 could signal reversal toward $660-$680 targets; failure below $580 may trigger deeper correction toward $550-$560 support zone.
Key Price Levels:
Primary Support: $580-$590 — Critical floor from recent selling waves; break below risks accelerated decline.
Resistance Band: $615-$625 — Previous consolidation ceiling; sustained break needed for upward momentum.
Pivot Point: $600 — Current battleground level determining short-term direction.
Valuation Analysis: Current P/E TTM at 26.6x remains elevated versus S&P 500's ~23x multiple; forward P/E of 23.75x suggests some premium compression but still reflects growth expectations amid AI investment cycle.
Analyst Target Price Outlook: Wall Street consensus maintains $843 average target (63 institutions), with range $560-$1,117, indicating significant upside potential contingent on AI ROI demonstration and user engagement growth.
Risk Disclaimer: This analysis is for technical reference only and does not constitute investment advice. Stock performance remains subject to AI spending.
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