Meta futures institutional traders noted increased

Institutional traders noted increased open interest in Meta Futures March contracts, rising 7% day-over-day. This may signal positioning ahead of rumored AI product updates that could drive sector re-rating. Nvidia has a median target of $214 per share, implying 13% upside from its current price of $189. Meta shares rallied more than 12% in Thursday morning trading, after the company on Wednesday reported a significant second-quarter earnings and revenue beat . Technical analysis of Meta Futures charts revealed a bullish engulfing pattern on the daily timeframe, often preceding short-term rallies. Traders cite a possible retest of $530 if volume exceeds the 20-day average.