Meta continues to grow its active user base across its family of social media platforms, up 6% YOY. This, combined with the company's AI-driven efficiency, is leading to its incredible earnings growth. Its stock also remains one of the most reasonably priced among its mega-tech peers. I think Meta is a great pick.

Key Takeaways U.S. equities jumped at midday, as tech stocks rallied following strong earnings reports from Microsoft and Meta Platforms.Roblox beat profit and sales estimates and raised its guidance on a gain in bookings and daily active users.

Meta reported first-quarter earnings after the close of trading on Wednesday. MarketWatch will be breaking down the expectations and results.