Jim Cramer Discusses Meta Stock Performance and Concerns Over Future Capital Expenditures

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer highlighted the CEO’s spending comments during the last conference call after the company reported, as he commented:

CNBC Investing Club members, look out. You’re going to be flooded with emails Wednesday because Charitable Trust holdings, Danaher, Starbucks, GE Vernova, Microsoft, Meta, and Corning all report. Let me give you a preview… A bunch of the Mag Seven stocks have been underperforming, at least until today, when they roared. Still, Microsoft, Meta, and non-club company Tesla have turned into stocks that are very difficult to own except for select days… Meta’s acted terribly until today… Had a nice move yesterday. Was recommended the last two days, but I’ll tell you what’s really going on here. The last conference call, when the company reported, Mark Zuckerberg lowered the boom. He said he’s going to spend all he can. Can he walk that back, please? Probably not. Maybe he can explain how Meta is at least making money on the data center build-out besides intelligent glasses. Is that too much to ask? I don’t think so.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and products in virtual and augmented reality.

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Disclosure: None. This article is originally published at Insider Monkey.