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Benzinga
Benzinga
Business
Surbhi Jain

Meta's AI Spending Broke The Stock — But The Bulls May Be Ready To Return

Meta
Ljubljana,,Slovenia,-,21,January,2023:,Meta,Logo,On,Smartphone

Meta Platforms Inc's (NASDAQ:META) sell-off is starting to look less like a verdict on its future and more like a classic case of investors overreacting to a spending binge. The stock is now trading at its lowest forward earnings multiple since the 2022 market bottom.

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