Meta Platforms Inc. (NASDAQ: META) is among the companies highlighted in a recent earnings volatility report, which notes that the AI trade is being repriced in real time. The report identifies Meta as one of four major companies reporting earnings next week, alongside Lam Research Corp., International Business Machines Corp., and Western Digital Corp.
Meta is scheduled to report its earnings on October 21. Analysts expect the company to earn $6.59 per share on revenue of $63.31 billion. The report indicates that none of these four companies are priced for a move above 10% following their reports, though twelve other stocks are.
The broader market context for the report notes that the VanEck Semiconductor ETF (NASDAQ: SMH) has fallen 13.0% since the October 2 close, and the iShares Semiconductor ETF (NASDAQ: SOXX) has notched nine consecutive sessions of losses. Specific semiconductor stocks mentioned include Micron Technology Inc., which is down 16.6%, Sandisk Corp., down 22.3%, Lam Research Corp., down 22.7%, and CoreWeave Inc., down 30.3% during the same period.
The report suggests that next week's earnings reports will be critical in determining whether the spending behind the AI buildout is continuing through the third quarter. For Meta specifically, the report notes that its spending plans will show hyperscaler demand.
