Big tech stocks have been treading water after last year’s surge, especially as companies pour billions into AI and data centers. Meta Platforms (META), the Facebook parent, has felt the pressure. Ad revenue growth is cooling from its pandemic peak, and Meta is ramping up spending on AI “superintelligence.” In that context comes the latest jolt when Meta confirmed it will cut “several hundred” jobs across units like sales, recruiting, and its Reality Labs VR arm. The company is also under increasing legal pressure from regulators.
The question now for investors is whether, with AI (and legal) costs mounting and layoffs announced, META stock looks like a buy, sell, or hold? Let's try to find out.
