Should You Buy Meta Stock

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Should You Buy Meta Stock

Is It The Right Time To Buy Meta Stock?

Meta Platforms announced a very ambitious plan of heavy AI spending. So, a natural reaction to this was a 25% decline in Meta stock from the ATHs.

Almost everyone is concerned about Meta's plans to spend big on AI infrastructure. But we must also understand that all the big tech companies are spending heavily on AI, and Meta can't stay behind.

Meta'S Revenue Is Up By 26% Y/Y

Amidst all of this, some experts believe now's the best time to buy the Meta stock. After all, Meta is still a very strong player in the tech field and is already earning solid revenue.

Even the Q3 data of Meta showed great results, with the revenue exceeding the forecasts. In fact, the revenue is up by 26% y/y, which clearly shows that Meta is doing really well.

One particular area where Meta could benefit from AI is its ads business. By integrating AI, Meta can improve ad conversions and make it easy for everyone to run ads.

But we must also look at the fact that Meta went on a similar spending spree back in 2022. At that time, Meta went all in on the metaverse, but it didn't turn into a success.

However, AI is different from the metaverse, and we are already seeing its benefits in every sector. So, if Meta can manage to carve out a piece of pie from the AI sector, it could stand to gain a lot.

With all things considered and the historic performance, there's no doubt that Meta is still a very solid stock. Even when it crashed in the past, it still managed to recover and reach a new all-time high.

So while the Meta is going through a spending spree once again, there's a good chance that Meta might pull it off this time! That's why Meta can be a good stock considering it is available at a discount.

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