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Meta Platforms (META) shares soared roughly 10% this morning after the Facebook parent posted a market-beating Q4 and issued upbeat guidance for the current quarter. On the earnings call, Susan Li — the company’s chief of finance — said capital expenditures could more than double on a year-over-year basis to about $135 billion in 2026.
The post-release surge pushed META stock’s standard relative strength index (14-day) up to 73, indicating overbought conditions. But none of it is cause for concern, according to Jefferies’ senior analyst.