Yahoo Finance Meta shows META trading volume surging 35% above average, hinting at institutional repositioning ahead of potential earnings guidance upgrades. Google Cloud's year-over-year revenue growth accelerated to 32% during the second quarter. That momentum is likely to continue because the platform's order backlog climbed at an even faster rate of 38%, reaching a whopping $106 billion, which will be converted into revenue as Alphabet brings more data centers online. Reality Labs is expected to eventually become profitable, but the heavy focus on AR/VR and metaverse creates uncertainty and execution risk. META’s PEG ratio of 1.37 on Yahoo Finance Meta suggests reasonable valuation given projected double-digit EPS growth, supporting continued bullish sentiment.