Meta at its ATH

$Meta Platforms (META.US)$ closed at an all time high last Friday. Mark Zuckerberg has now overtaken Amazon's Jeff Bezos as the world's second richest person.

Meta is one of the best performing Magnificent 7 this year. Meta reported a better than expected sales in the 2nd quarter and seen its shares rise more than 20% since then. Is it overvalued now? As seen in the company valuation under Moomoo app, Meta is trading in the range near its 5-year historical average PE. Will it continue its uptrend with the upcoming earning release? We will see 👀