If there’s one thing the artificial-intelligence trade has taught Big Tech investors, it’s to never get too comfortable. And after the company’s third-quarter earnings report, the new “Magnificent Seven” punching bag is now Meta Platforms.
Shares of Meta
META have fallen more than 17% since last Wednesday’s close, after which the company shared that it was ramping up its AI capital expenditures. But does Meta’s selloff present an opportunity to buy an AI darling for cheap, or is it the start of a prolonged decline?
Meta’s stock is the new ‘Magnificent Seven’ doormat. Should you buy the dip?
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If there’s one thing the artificial-intelligence trade has taught Big Tech investors, it’s to never get too comfortable. And after the company’s third-quarter earnings report, the new “Magnificent Seven” punching bag is now Meta Platforms.
Shares of Meta
META have fallen more than 17% since last Wednesday’s close, after which the company shared that it was ramping up its AI capital expenditures. But does Meta’s selloff present an opportunity to buy an AI darling for cheap, or is it the start of a prolonged decline?
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