Your entry zones make sense given the technical support levels, but the real risk here is if 2026 capex guidance keeps expanding without clear AI revenue monetization timlines. The comparison to the core ad business strength is spot on, this isn't 2022 metaverse spending when fundamentals were weakening. Watching for confirmation signals around the 200 day MA will be critical since sentiment can shift quickly on any positive AI product announcements.
Exactly, that’s the key tension. This time the spending is offensive, not defensive. The ad engine’s still printing, but the market needs proof that AI capex drives incremental revenue, not just scale. I’m with you; if they tighten 2026 guidance or show early ROI, sentiment flips fast at the 200-day.
Your entry zones make sense given the technical support levels, but the real risk here is if 2026 capex guidance keeps expanding without clear AI revenue monetization timlines. The comparison to the core ad business strength is spot on, this isn't 2022 metaverse spending when fundamentals were weakening. Watching for confirmation signals around the 200 day MA will be critical since sentiment can shift quickly on any positive AI product announcements.
Exactly, that’s the key tension. This time the spending is offensive, not defensive. The ad engine’s still printing, but the market needs proof that AI capex drives incremental revenue, not just scale. I’m with you; if they tighten 2026 guidance or show early ROI, sentiment flips fast at the 200-day.