3 Reasons to Buy the Dip in Meta Stock — And 3 Reasons to Stay Away

April 29 was a big day for markets as four hyperscalers — Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) — released their quarterly earnings. The market's reaction to these earnings reports has been quite mixed, though. Alphabet is soaring and building on its year-to-date (YTD) gains, while its digital advertising rival, Meta Platforms, is plunging and testing the $600 price level.

Both of these companies reported better-than-expected earnings. Still, while Alphabet is getting all the love for its progress in artificial intelligence (AI), there are growing concerns over Meta’s AI strategy despite its aggressive spending on building infrastructure. Let's take a closer look at the bullish and bearish theses for META stock.