One stock I'm watching now is $META


The current standings:
- It's now trading at a 25 P/E with a forward P/E of 19
- Down 25% from ATHs, one of the highest pull backs of the MAG7
- Ditched the metaverse ($80b wasted), but that's over now
- Zuckerburg is going all in on AI, the market thinks he's wasting money with no clear ROI
The best case, AI super intelligence comes and Meta's AI infra powers a significant chunk
The mid case, Meta use their own AI infra to reduce costs for their current apps, increasing margins and therefore earnings
The bear case, it doesn't work, I don't see this being anywhere near as bad as the 'metaverse'. This is a real thing with end value.
This is a company making record revenues from advertising (Facebook, Instagram) + the distribution they have from these apps for any future product is immense (whatsapp too)
30%+ YoY growth, the cheapest of the MAG7
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