3 Reasons I Think Meta Platforms is a Screaming Buy Right Now
The company's AI strategy is beginning to pay dividends.
Overview
It's been a tough year for Meta Platforms (NASDAQ: META) shareholders. The social media and artificial intelligence (AI) specialist has lagged the broader market, with the stock down 9% over the past year (as of market close on Thursday), compared to 21% gains for the S&P 500.
The biggest headwind has been fears about Meta's significant AI-related spending, as investors fear the costs will squeeze the company's profits and ultimately outweigh the benefits.
Details
However, I believe the sell-off has gone too far. Numerous catalysts could send Meta stock soaring over the past year, and I don't think investors have been keeping track. Let's look at these drivers and why I think Meta Platforms is a screaming buy right now.
Source
Originally published at www.fool.com.