This Longer-Term Trade On Meta Stock Might Be The Best Option

Core Insights - Meta Platforms (META) is currently over 25% below its all-time high and is experiencing its most oversold condition in over three years [1] - The stock has seen a drawdown of more than 20% as Wall Street focuses on AI-related costs, particularly cloud deals with Oracle [2] Group 1: Stock Performance - Meta stock closed off its lows on Tuesday, indicating some signs of buying support despite the overall decline [1] - The stock is expected to stabilize and not drop significantly further before early next month [1] Group 2: Market Context - The broader market is witnessing a significant impact from AI stock valuations, with a reported $2.2 trillion in value lost due to a bursting AI stock bubble [4] - Meta's stock slump is compounded by its recent antitrust trial victories, which have not alleviated the downward pressure on its shares [4]