Technical analysis by KhanhC.Hoang about Symbol METAX: Buy recommendation (7/18/2024)

Here's a quick summary of the latest news about Meta this week: 1. **Llama 3 400B Release**: Meta is set to release the Llama 3 400B AI model next week. This model is expected to outperform competitors like Google's Gemma and Anthropic's Claude Sonnet¹. 2. **Stock Performance**: Meta Platforms' stock hit a 52-week high of $542.81 on July 8th, closing at $529.32. This marks a significant year-to-date increase of 49.5%². 3. **Mass Layoffs**: Meta is reportedly planning mass layoffs, which will impact thousands of employees. This would be the largest round of layoffs in the company's history⁶. Is there a specific aspect of Meta's news you'd like to dive deeper into? Source: Conversation with Copilot, 7/18/2024 (1) Meta to drop Llama 3 400b next week — here’s why you should care. msn.com/en-gb/lifestyle/lifestylegeneral/meta-to-drop-llama-3-400b-next-week-here-s-why-you-should-care/ar-BB1q4AUf. (2) Meta Platforms Hits 52-Week High: What's Next for META Investors?. markets.businessinsider.com/news/stocks/meta-platforms-hits-52-week-high-what-s-next-for-meta-investors-1033540542. (3) Meta is reportedly announcing mass layoffs this week. mashable.com/article/meta-mass-layoffs-report. (4) Apple, Microsoft, Meta, Google Stocks Hit 52-Week Highs: Which Is The Best Investment?. markets.businessinsider.com/news/stocks/apple-microsoft-meta-google-stocks-hit-52-week-highs-which-is-the-best-investment-1033535731. (5) Meta Platforms, Inc. (META) Latest Stock News & Headlines - Yahoo Finance. finance.yahoo.com/quote/META/news/. (6) Latest Meta Company News | Meta - About Facebook. about.fb.com/news/category/technologies/meta/.