META, which owns Facebook, Instagram, WhatsApp and creates the platform for billions of Reels, showed an even more impressive percentage gain of over 11% last night than even Microsoft, which was up "just" over 8.5% at the same moment. So, the month of love for tech giants ends brilliantly. Well, breakthrough financial results lead the stock to breakthrough technical levels, now historical highs at nearly $775. And yes, Meta provided all the prerequisites for this victory.

The company reported quarterly EPS (equity per share) of $7.14, which is $1.29 or 22% better than the consensus projection of $5.85. This profit metric was achieved on total revenue at $47.52 billion compared to the consensus estimate of $44.72 billion (+6.25% vs the average analyst pool's hope). Meta-business earned an extra $5.2 billion in 3 months and almost $8.5 billion new in 12 months. Is that even legal? Joking. Seriously, we are dealing with the second best set of indicators for Meta's business after its yet unrivalled (for obvious reasons) Christmas quarter. But the dynamics now look even better. That's why the bullish rally for Mark Zuckerberg's brainchild rushed to new heights without delay. And what good fellows we are, that we kept buying along the way which mostly climbed but sometimes made pullbacks for brave investors to buy more.

The company's forward guidance is also very impressive, so that I feel difficult even to limit myself with any conditional goal like $850 or maybe $950 for the rest of the year. Meta CEOs announced they see Q3 total sales between $47.50 billion and $50.50 billion versus the analyst pool's ripe and runny as a rancid Roquefort consensus estimate of $46.20 billion. If so, the stock will add at least the same $80 per share as it did it last night to warm up with achieving $775+ $80 = $855 as the very first target, as I feel, but would never stop there forever. By the way, Reuters just calculated that Meta Platforms saw 21 positive EPS revisions and 10 negative EPS revisions in the last 90 days. Hold on folks, there is more! Meta's deep push into AI would bear more fruits, like in the very recent case of Microsoft.

Meta will soon squeeze all the juices out of the advertising base with its “Personal superintelligence for everyone in the world” concept for 3.5 billion daily active users. "We believe in putting this power in people’s hands to direct it towards what they value in their own lives... This is distinct from others in the industry who believe superintelligence should be directed centrally towards automating all valuable work, and then humanity will live on a dole of its output”, Zuckerberg wrote in his somewhat alarming manifesto published earlier today. As for me and most other investors, I feel we agree to live on a dole of Meta's output.

Being "careful about what we choose to open source", he still added that "building a free society requires that we aim to empower people as much as possible" as "the rest of this decade seems likely to be the decisive period for determining the path this technology will take, and whether superintelligence will be a tool for personal empowerment or a force focused on replacing large swaths of society”. Now he seems almost as passionate a supporter of freedom of opinion as Elon Musk, which is barely true, as Mark Zuckerberg expresses himself more floridly and less clearly in his manifesto. But anyway, more freedom for users is definitely beneficial for business.