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The third-quarter earnings season is getting into full swing, and Big Tech companies like Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) will all release their earnings reports this week.
With a YTD gain of over 162%, Meta is not only outperforming its FAANG peers by a wide margin, but it's also the second-best performing S&P 500 Index ($SPX) stock – with its returns trailing only that of Nvidia (NVDA), which has almost tripled to become a trillion-dollar giant this year, thanks to the artificial intelligence (AI) boom.