Core Viewpoint - Meta Platforms has experienced a significant decline in stock value, with shares falling 11% after its third-quarter earnings report and an additional 9% since then, making it the worst performer among the "Magnificent Seven" stocks [2][4]. Financial Performance - Meta's year-to-date gain has decreased to 4%, with shares now over 23% below their record high of 796.25 from mid-August [2][4]. - The company's revenue grew by 26% in Q3, indicating strong performance in its social media ad business [5]. Spending and Investment Concerns - CEO Mark Zuckerberg's increased spending on AI has raised concerns among investors, with capital expenditures expected to grow significantly next year, estimated at $71 billion for this year [6][8]. - Meta raised $30 billion through a bond sale, which may be linked to its increased spending plans [2]. Market Position and Comparisons - Meta's stock has not traded below 600 since May 9, with a current price of 604.84, reflecting a broader market downturn [9]. - The Relative Strength score for Meta has dropped to 23 out of 99, down from 89 three months ago, indicating a significant decline in market performance [10]. Analyst Insights - Analysts are drawing comparisons between Meta's AI investments and its previous metaverse spending, though some argue that AI investments may yield more flexible returns [8]. - New Street Research analyst Dan Salmon has lowered his price target for Meta from 900 to 800, citing lower earnings estimates while maintaining a buy rating [8].