META's Bullish Outlook: Why Now's the Time to Buy Into AI and Advertising Gains

Meta Platforms (NASDAQ:META) is among the mega-cap tech stocks that have seen significant gains over the past year. Indeed, a near-doubling of META stock from a low of $274.38 to $542.81 per share in July is incredible. And unlike many tech stocks rising due only to AI tailwinds, Meta’s growth has been largely driven by its success in digital advertising, with industry spending up 12% in 2023. That’s not to say there’s no AI component to this company’s recent growth.Meta’s recent earnings growth was primari ...