I Think These Are the 3 Best AI Stocks to Buy in November

Core Viewpoint - November presents a favorable opportunity for investors to acquire undervalued stocks, particularly in the AI sector, as tax-loss harvesting may lead to attractive pricing Group 1: Meta Platforms - Meta Platforms' share price declined significantly after its third-quarter results, primarily due to aggressive spending rather than poor performance, which remains strong [2][5] - The company is leveraging AI to enhance ad revenue by providing engaging content to users and improving ad targeting, resulting in a 26% revenue increase last quarter, with ad impressions up 14% and average ad prices rising 10% [3] - Meta has begun serving ads on WhatsApp and Threads, presenting new revenue opportunities, and despite its metaverse investments, it continues to generate strong free cash flow, making it an attractive buy [5] Group 2: Pinterest - Pinterest's stock price fell sharply post-earnings report, but it is now trading at a forward P/E ratio of just 13x, indicating a potential bargain [6] - The company reported a 17% year-over-year revenue growth and a 24% increase in adjusted EBITDA last quarter, showcasing its strong performance [6] - Pinterest is experiencing growth in international user additions and average revenue per user (ARPU), and it has successfully transformed its platform into a shoppable discovery site using AI [8][9] Group 3: GitLab - GitLab's stock has been undervalued despite consistent revenue growth exceeding 25%, attributed to its seat-based subscription model [10][12] - The perception that AI will reduce the need for coders is misleading, as GitLab's AI Duo solution is enhancing productivity among developers [12][13] - GitLab is transitioning to a hybrid seat-plus-usage pricing model, which is expected to drive growth and improve its value proposition, with a price-to-sales multiple below 6.4 based on 2026 estimates [13]