Why I'm Rethinking My Bullish Stance on Meta Platforms Stock
Meta's aggressive AI infrastructure plans could reshape its earnings profile in ways investors might not like.Meta Platforms (META 1.18%) dropped sharply after its late-October earnings report, even though the social media and digital advertising giant posted another quarter of strong growth. Investors instead zeroed in on management's latest comments about capital spending, which paint a much heavier investment cycle than the market had been expecting.Meta's third-quarter revenue growth was impressive, pow ...