Meta (META) — A New Hope from a Fundamental ShiftMeta Platforms Inc Class ABATS:METAKrisadaYoonaisilMeta (META) — A New Hope from a Fundamental Shift Fundamental Analysis 1. Meta is shifting from a major AI chip buyer to developing its own AI chips and infrastructure, aiming to reduce costs and generate revenue through its chip, infrastructure, and API/model ecosystem. 2. META remains a high-quality Big Tech stock, supported by strong ad growth, high margins, and a massive user base. However, the key question is whether its heavy AI capex can generate returns quickly enough. 3. Meta’s ad business remains strong, with ad impressions up 19% YoY and average price per ad up 12% YoY. This shows AI recommendations and ad targeting are improving ad efficiency, while its 3.56 billion Family daily active users continue to support growth. 4. A key opportunity is Meta’s Iris AI chip, expected to enter production in September 2026, as part of its plan to reach 14 gigawatts of computing capacity by 2027. Partnering with Broadcom and TSMC could reduce reliance on Nvidia and AMD and lower AI infrastructure costs. 5. Meta also plans to sell excess AI computing capacity through a cloud business. If successful, AI capex could shift from a heavy cost into a new revenue stream, similar to Amazon, Microsoft, and Alphabet. Technical Analysis 6. After rebounding from the lower bound of the descending channel, META formed a higher low within the channel, suggesting the possibility of an uptrend shift. However, this still needs confirmation through an upside breakout above the channel. 7. The bullish EMAs confirm that the price remains in an uptrend. Although the recent pullback indicates a consolidation phase, the price has continued to hold above EMA200, suggesting that the long-term trend remains bullish. 8. If META breaks above the channel, it would signal a bullish trend continuation. However, if the price fails to break above the channel, it may retest the ascending channel support again. 9. In summary, after a long consolidation phase, the price is starting to show early signs of a reversal and is now at a critical point that could determine whether the recovery can be sustained. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness