Down 17%, Is Meta a Buy on the Dip?

Meta's stock has declined 17% from recent peaks amid investor concerns about AI infrastructure spending, with the company forecasting $135-145 billion in capex. However, the article argues Meta remains a compelling buy given its strong advertising business, 3.6 billion daily active users across its platforms, successful AI product launches, and reasonable valuation at 21x forward earnings. The company's AI investments are expected to enhance user engagement and advertising effectiveness while opening new revenue streams through its Muse AI agent.